Starbucks Lost Millions Under Laxman; Taco Bell 10x Growth with Brian Niccol | PBD Podcast

Published: Aug 31, 2024 Duration: 00:01:00 Category: People & Blogs

Trending searches: starbucks ceo brian niccol
I had an HR meeting last week and a big part of it was predicated based on this Starbucks moovie Howard Schultz runs Starbucks he's looking for replacement for CEO he finds this guy named laxman they end up hiring him he Shadows Howard Schultz for a year April of last year he becomes the effective CEO of Starbucks Starbucks was worth roughly $114 billion give or take fast forward to the day he gets fired or replaced whatever you want to call it starbu goes from being $114 billion company to $74 billion company they lost 44 billion during that time span now watch this when they interviewed this other guy named Brian Nicholls was the former CEO of Taco Bell and a former CEO of Chipotle Chipotle hired him and they took him away from Taco Bell in 2018 at 2018 Chipotle was only worth $7 billion when he was done and he went to Starbucks that day Chipotle was worth $71 billion he increased the valuation of Chipotle 10 times in 6 years while laxman cost Starbucks $40 billion

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