© Reuters. A drive-thru line is seen at a Starbucks in Cheektowaga, a suburb of Buffalo, New York, U.S., December 8, 2021. REUTERS/Lindsay DeDario
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By Hilary Russ
(Reuters) -Starbucks Corp Common Counsel Rachel Gonzalez was dismissed from her function as Howard Schultz returns to the chief govt place, in response to a regulatory submitting on Tuesday.
Gonzalez will proceed to function an adviser till she leaves the corporate on Could 20, the submitting mentioned.
Gonzalez had reported to former CEO Kevin Johnson, who mentioned in March he would retire because the espresso chain faces a rising unionization drive at a few of its U.S. areas.
Returning to the CEO place for the third time, Schultz on Monday suspended billions of {dollars} of deliberate share buybacks, saying he may put the money towards workers, shops and prospects.
Starbucks (NASDAQ:) shares closed down 4.5% at $84.12 after falling greater than 3% on Monday.
When she leaves, Gonzalez will obtain a minimum of $7.5 million in severance, prorated bonuses, fairness grants and different advantages, in response to the submitting.
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