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The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.
Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S
MEXICO CITY, Oct 27 (Reuters) - Mexico's Grupo Bimbo (BIMBOA.MX) on Thursday posted a 51% year-on-year jump in its third quarter net profit, beating estimates, boosted by strong sales and product price increases to tackle rising inflation. Grupo Bimbo's earnings stood at 6.06 billion pesos ($301 million) in the July to September period, the company said in a statement, well above the 4.1 billion pesos anticipated by analysts, according to Refinitiv. The company increased prices in Europe, Asia and Africa, and said it also adjusted prices in the rest of the regions it operates in. "We reached record levels and our volumes continued to grow despite price increases," Bimbo's Chief Executive Daniel Servitje said in a statement. The firm's earnings per share stood at 1.37 pesos, beating the Refinitiv estimate of 1.02 pesos.
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