Starbucks Abandons Automation Push, Returns to Human-Centered Service Model
Starbucks CEO Brian Niccol announces major strategy shift away from automation after disappointing results, planning to increase hiring and staff hours across global locations. The coffee giant aims to enhance customer experience through more personal touches, despite facing rising costs and declining sales.
Apple CEO Tim Cook's Compensation Package Soars to $74.6 Million
Tim Cook's total compensation increased to $74.6 million in fiscal 2024, up from $63.2 million in 2023, driven by stock awards and performance incentives. The package includes a $3 million base salary plus benefits, while remaining below his 2022 earnings of $99 million.
Intel CEO Pat Gelsinger's Sudden Departure Signals Turnaround Troubles
Intel's CEO Pat Gelsinger exits after less than four years amid board pressure over the company's slow transformation pace. The abrupt leadership change leaves Intel searching for new direction as it struggles to compete with rivals like Nvidia and TSMC.
Intel CEO Pat Gelsinger Announces Retirement After Four Decades of Service
Intel Corporation's CEO Pat Gelsinger is set to retire effective December 2024, concluding over 40 years with the company. Two interim co-CEOs will lead while the board searches for a permanent successor, marking a significant leadership transition for the semiconductor giant.