Steph Kronos, a pro-Union activist, tries to talk to Starbucks customers as she joins Starbucks workers, former employees, and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023.
A group of labor unions said on Tuesday it was ending its proxy fight at Starbucks, after the two sides agreed last week to work toward a "foundational framework" on collective bargaining.
The group said it thought shareholders were "optimistic" about a "good faith" effort by Starbucks to "repair its relationship with its workers."
It was the first time that a labor union — typically opposed to activist campaigns — had drawn on the activist toolkit.
The SOC hired well-respected communications, legal and proxy advisors who have worked on behalf of major activists and hedge funds.
Persons:
Steph Kronos, Glass Lewis, —
Organizations:
Union, Starbucks, Company, Strategic, Center, Services, SOC
Locations:
Arlington , Virginia