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Starbucks may be neglecting labor dispute risks, shareholder proxy firms warn

UPDATE 1-Starbucks may be neglecting labor dispute risks, shareholder proxy firms warnISS and Glass Lewis warn of labor dispute risksStarbucks dissolves labor oversight committee, three years after creating it amid shareholder pressureUnion representation at 6% of US Starbucks stores, company saysAdds new comment from the union and company in paragraph 2, spells out acronym in paragraph 3By Waylon Cunningham

Starbucks may be neglecting labor dispute risks, shareholder proxy firms warn

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Support the workers.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/542982553494008","repostId":2619011471,"repostType":2,"repost":{"id":"2619011471","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1773424268,"share":"https://ttm.financial/m/news/2619011471?lang=en_US&edition=fundamental","pubTime":"2026-03-14 01:51","market":"nz","language":"en","title":"Starbucks may be neglecting labor dispute risks, shareholder proxy firms warn","url":"https://stock-news.laohu8.com/highlight/detail?id=2619011471","media":"Reuters","summary":"UPDATE 1-Starbucks may be neglecting labor dispute risks, shareholder proxy firms warnISS and Glass Lewis warn of labor dispute risksStarbucks dissolves labor oversight committee, three years after creating it amid shareholder pressureUnion representation at 6% of US Starbucks stores, company saysAdds new comment from the union and company in paragraph 2, spells out acronym in paragraph 3By Waylon Cunningham","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>UPDATE 1-Starbucks may be neglecting labor dispute risks, shareholder proxy firms warn</title></head><body><div>ISS and Glass Lewis warn of labor dispute risksStarbucks dissolves labor oversight committee, three years after creating it amid shareholder pressureUnion representation at 6% of US Starbucks stores, company says</div>Adds new comment from the union and company in paragraph 2, spells out acronym in paragraph 3By Waylon Cunningham\nNEW YORK, March 13 (Reuters) - Starbucks SBUX.O may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning shareholders. The warnings come more than a year after contract talks between the company and its U.S. union, formed by baristas at its coffee shops, broke down. On Friday, the union and Starbucks both said they are in talks to resume bargaining in the coming weeks. The union said it sent a new complete proposal to the company on February 9. “There are ongoing controversies related to labor disputes, and it is not clear there is sufficient board oversight of the company’s management of labor relations,” analysts at Institutional Shareholder Services, the world’s largest shareholder proxy advisor, wrote earlier this month, ahead of Starbucks’ annual meeting March 25.ISS highlighted strikes from Starbucks' U.S. union as well as a $38.9 million settlement Starbucks recently agreed to pay over claims it violated New York City law requiring fast-food workers be given predictable and stable schedules.ISS and Glass Lewis flagged Starbucks’ recent dissolution of a board committee formed under former CEO Laxman Narasimhan's tenure to oversee labor relations. Starbucks’ board of directors created the “Environmental, Partner, and Community Impact Committee” in 2023 under pressure from shareholder groups to address labor concerns, including a successful vote to force Starbucks to hire an outside auditor to review its approach to labor relations. Some of the same shareholder groups, such as the New York State Comptroller and the union-affiliated SOC Investment Group, are seeking to pressure Starbucks again in part because of the committee’s dissolution, and what a collective letter said was prolonged labor conflict that threatens CEO Brian Niccol's ongoing turnaround strategy. Starbucks in a statement said these groups represent a minority of shareholders. Glass Lewis, citing Starbucks' dissolution of the labor committee, recommended shareholders vote against re-electing board director Beth Ford, chair of the nominating and corporate governance committee. Glass Lewis said the governance committee \"bears responsibility for failing to ensure” oversight of risks that could harm shareholder interests.Starbucks wrote in its proxy filing that labor oversight will now be the responsibility of the general board, and other responsibilities of the Impact Committee have been re-allocated to other committees.The filing said Starbucks made the change to simplify its board structure and allow board and committee members to “focus their attention on matters that drive long-term shareholder value.”A spokesperson for Starbucks, Jaci Anderson, said in a statement that the board has \"the necessary skills and experience to effectively oversee our strategy, including human capital management.\"Starbucks says it offers \"the best job in retail\" in part because employees who work more than 20 hours a week have benefits such as healthcare, parental leave, and paid tuition for online classes at Arizona State University.Starbucks’ annual SEC filing for 2025 goes into depth on shareholder risks from labor issues, such as disruptions from work stoppages, an “unfavorable” future union contract, and reputational harms from Starbucks’ public positions on unions.Unions have secured representation at around 6% of Starbucks stores in the U.S., according to the company. Union elections in stores have slowed from their peak in 2022 but have continued into 2026. In November, unionized café workers in 40 U.S. cities launched an open-ended strike. The strike has largely dissipated, but work stoppages continue at stores on a rotating basis. Starbucks said the strikes involved less than 1% of stores and that all have officially returned to work. (Reporting by Waylon Cunningham; Editing by Anna Driver and Cynthia Osterman) ((waylon.cunningham@tr.com))</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks may be neglecting labor dispute risks, shareholder proxy firms warn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStarbucks may be neglecting labor dispute risks, shareholder proxy firms warn\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2026-03-14 01:51\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>UPDATE 1-Starbucks may be neglecting labor dispute risks, shareholder proxy firms warn</title></head><body><div>ISS and Glass Lewis warn of labor dispute risksStarbucks dissolves labor oversight committee, three years after creating it amid shareholder pressureUnion representation at 6% of US Starbucks stores, company says</div>Adds new comment from the union and company in paragraph 2, spells out acronym in paragraph 3By Waylon Cunningham\nNEW YORK, March 13 (Reuters) - Starbucks SBUX.O may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning shareholders. The warnings come more than a year after contract talks between the company and its U.S. union, formed by baristas at its coffee shops, broke down. On Friday, the union and Starbucks both said they are in talks to resume bargaining in the coming weeks. The union said it sent a new complete proposal to the company on February 9. “There are ongoing controversies related to labor disputes, and it is not clear there is sufficient board oversight of the company’s management of labor relations,” analysts at Institutional Shareholder Services, the world’s largest shareholder proxy advisor, wrote earlier this month, ahead of Starbucks’ annual meeting March 25.ISS highlighted strikes from Starbucks' U.S. union as well as a $38.9 million settlement Starbucks recently agreed to pay over claims it violated New York City law requiring fast-food workers be given predictable and stable schedules.ISS and Glass Lewis flagged Starbucks’ recent dissolution of a board committee formed under former CEO Laxman Narasimhan's tenure to oversee labor relations. Starbucks’ board of directors created the “Environmental, Partner, and Community Impact Committee” in 2023 under pressure from shareholder groups to address labor concerns, including a successful vote to force Starbucks to hire an outside auditor to review its approach to labor relations. Some of the same shareholder groups, such as the New York State Comptroller and the union-affiliated SOC Investment Group, are seeking to pressure Starbucks again in part because of the committee’s dissolution, and what a collective letter said was prolonged labor conflict that threatens CEO Brian Niccol's ongoing turnaround strategy. Starbucks in a statement said these groups represent a minority of shareholders. Glass Lewis, citing Starbucks' dissolution of the labor committee, recommended shareholders vote against re-electing board director Beth Ford, chair of the nominating and corporate governance committee. Glass Lewis said the governance committee \"bears responsibility for failing to ensure” oversight of risks that could harm shareholder interests.Starbucks wrote in its proxy filing that labor oversight will now be the responsibility of the general board, and other responsibilities of the Impact Committee have been re-allocated to other committees.The filing said Starbucks made the change to simplify its board structure and allow board and committee members to “focus their attention on matters that drive long-term shareholder value.”A spokesperson for Starbucks, Jaci Anderson, said in a statement that the board has \"the necessary skills and experience to effectively oversee our strategy, including human capital management.\"Starbucks says it offers \"the best job in retail\" in part because employees who work more than 20 hours a week have benefits such as healthcare, parental leave, and paid tuition for online classes at Arizona State University.Starbucks’ annual SEC filing for 2025 goes into depth on shareholder risks from labor issues, such as disruptions from work stoppages, an “unfavorable” future union contract, and reputational harms from Starbucks’ public positions on unions.Unions have secured representation at around 6% of Starbucks stores in the U.S., according to the company. Union elections in stores have slowed from their peak in 2022 but have continued into 2026. In November, unionized café workers in 40 U.S. cities launched an open-ended strike. The strike has largely dissipated, but work stoppages continue at stores on a rotating basis. Starbucks said the strikes involved less than 1% of stores and that all have officially returned to work. (Reporting by Waylon Cunningham; Editing by Anna Driver and Cynthia Osterman) ((waylon.cunningham@tr.com))</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","UNP":"联合太平洋","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","SBU":"2倍做多SBUX ETF-Leverage Shares","BK4532":"文艺复兴科技持仓","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","SBUX":"星巴克","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","BK4534":"瑞士信贷持仓","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","BK4209":"餐馆","BK4588":"碎股","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","BK4610":"咖啡茶饮","BK4535":"淡马锡持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4504":"桥水持仓","LU0124384867.USD":"贝莱德新能源基金A2","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU0882574139.USD":"富达环球消费行业基金A ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260313:nL6N40113T:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2619011471","content_text":"UPDATE 1-Starbucks may be neglecting labor dispute risks, shareholder proxy firms warnISS and Glass Lewis warn of labor dispute risksStarbucks dissolves labor oversight committee, three years after creating it amid shareholder pressureUnion representation at 6% of US Starbucks stores, company saysAdds new comment from the union and company in paragraph 2, spells out acronym in paragraph 3By Waylon Cunningham\nNEW YORK, March 13 (Reuters) - Starbucks SBUX.O may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning shareholders. The warnings come more than a year after contract talks between the company and its U.S. union, formed by baristas at its coffee shops, broke down. On Friday, the union and Starbucks both said they are in talks to resume bargaining in the coming weeks. The union said it sent a new complete proposal to the company on February 9. “There are ongoing controversies related to labor disputes, and it is not clear there is sufficient board oversight of the company’s management of labor relations,” analysts at Institutional Shareholder Services, the world’s largest shareholder proxy advisor, wrote earlier this month, ahead of Starbucks’ annual meeting March 25.ISS highlighted strikes from Starbucks' U.S. union as well as a $38.9 million settlement Starbucks recently agreed to pay over claims it violated New York City law requiring fast-food workers be given predictable and stable schedules.ISS and Glass Lewis flagged Starbucks’ recent dissolution of a board committee formed under former CEO Laxman Narasimhan's tenure to oversee labor relations. Starbucks’ board of directors created the “Environmental, Partner, and Community Impact Committee” in 2023 under pressure from shareholder groups to address labor concerns, including a successful vote to force Starbucks to hire an outside auditor to review its approach to labor relations. Some of the same shareholder groups, such as the New York State Comptroller and the union-affiliated SOC Investment Group, are seeking to pressure Starbucks again in part because of the committee’s dissolution, and what a collective letter said was prolonged labor conflict that threatens CEO Brian Niccol's ongoing turnaround strategy. Starbucks in a statement said these groups represent a minority of shareholders. Glass Lewis, citing Starbucks' dissolution of the labor committee, recommended shareholders vote against re-electing board director Beth Ford, chair of the nominating and corporate governance committee. Glass Lewis said the governance committee \"bears responsibility for failing to ensure” oversight of risks that could harm shareholder interests.Starbucks wrote in its proxy filing that labor oversight will now be the responsibility of the general board, and other responsibilities of the Impact Committee have been re-allocated to other committees.The filing said Starbucks made the change to simplify its board structure and allow board and committee members to “focus their attention on matters that drive long-term shareholder value.”A spokesperson for Starbucks, Jaci Anderson, said in a statement that the board has \"the necessary skills and experience to effectively oversee our strategy, including human capital management.\"Starbucks says it offers \"the best job in retail\" in part because employees who work more than 20 hours a week have benefits such as healthcare, parental leave, and paid tuition for online classes at Arizona State University.Starbucks’ annual SEC filing for 2025 goes into depth on shareholder risks from labor issues, such as disruptions from work stoppages, an “unfavorable” future union contract, and reputational harms from Starbucks’ public positions on unions.Unions have secured representation at around 6% of Starbucks stores in the U.S., according to the company. Union elections in stores have slowed from their peak in 2022 but have continued into 2026. In November, unionized café workers in 40 U.S. cities launched an open-ended strike. The strike has largely dissipated, but work stoppages continue at stores on a rotating basis. Starbucks said the strikes involved less than 1% of stores and that all have officially returned to work. (Reporting by Waylon Cunningham; Editing by Anna Driver and Cynthia Osterman) ((waylon.cunningham@tr.com))","news_type":1,"symbols_score_info":{"SBU":0.6,"SBUX":0.9,"UNP":0.9}},"isVote":1,"tweetType":1,"viewCount":16,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":53,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}