Jim Cramer says Howard Schultz’s open letter to SBUX is unlike anything he’s seen before


Source: cnbc.com cnbc.com

Key Topics in this News Article:

News Snapshot:

The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street. Former Starbucks CEO Howard Schultz, who built the coffee chain into a global brand and served in the top job on three occasions, on Sunday chimed in on the company's terrible quarterly earnings report last week . In a LinkedIn post , Schultz emphasized the urgent need to revitalize the company's U.S. business, writing that its operations are "the primary reason for the company's fall from grace." Starbucks'...