On his first day back as Starbucks Corp. chief executive, Howard Schultz suspended billions of dollars in share repurchases and said his immediate focus would be on cafes, customers and employees, rather than the stock market.
“I am not in business, as a shareholder of Starbucks, to make every single decision based on the stock price for the quarter,” Mr. Schultz said during an employee forum at the company’s headquarters Monday.
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