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Howard Schultz, former CEO of Starbucks, is against the settlement reached between the company and activist investor Elliott Management, expressing concerns about the potential negative impact on the coffee chain’s long-term growth. Schultz believes that the deal could limit Starbucks’ ability to innovate and maintain its commitment to social responsibility, despite Elliott’s push for operational changes and increased shareholder value. His opposition highlights the ongoing tensions between corporate leadership and activist investors seeking to influence strategic decisions within the company.
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