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Former Starbucks (SBUX) CEO Howard Schultz is scheduled to testify before the Senate HELP. Here's how it could impact the rest of the industry.
(Bloomberg) -- Starbucks Corp.’s newly departed chief executive officer, Howard Schultz, plans to tell Congress Wednesday that the coffee chain has bargained in good faith with the group that organized hundreds of its stores as the company defends itself against accusations of union busting. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesUBS Veteran Ermotti Returns to Lead Credit Sui
Starbucks founder and billionaire Howard Schultz is set to face off with liberal firebrand senator Bernie Sanders in a congressional showdown over the coffee company’s approach to unionising workers. Sanders, who chairs the Senate committee that oversees US labour laws, has accused Starbucks of union-busting since company workers first voted to unionise at a store in Buffalo, New York, in December 2021. At the centre of the hearing is an expected clash between two former US presidential aspirants — Sanders ran in the Democratic primary in 2016 and 2020, while Schultz considered running in 2020 as an independent.