Starbucks founder Howard Schultz on new CEO: I am never coming back again, we found the right person
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- เผยแพร่เมื่อ 6 ก.ย. 2022
- Starbucks founder Howard Schultz and incoming CEO Laxman Narasimhan sit down with CNBC's Andrew Ross Sorkin in Seattle to discuss how the coffee chain picked Narasimhan to lead the company. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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This aged well.
The host refers to the new CEO as “this” instead of “he” or “Mr.Narasimhan”. And he doesn’t even greet him before asking questions. Never once says his name but calling the other guy with his first name. Acts incredulous about his selection & says “This is a big job.. for YOU” gesturing at him 🙄So sick of this subconscious racism & microaggression, he needs to be educated in good manners.
Prolly can't pronounce the name . "This" is also used to reference phenomenons
His(Laxman) name is not comolicated to pronounce. Host could at least try. I bet host wouldn't do it if he was a white guy
Host is racist.
Ya I too saw that..but no worries he will do a great job as CEO & THIS GUY will hopefully try & b a good host at best 😂
Agree
Andrew Ross was very blunt in his questions, almost disrespecting both the gentlemen, he needs some tutoring on Humility and speaking with Respect, maybe he can join Starbucks and the incoming CEO can teach him.
Laxman is a disaster CEO.
Wtf do u do??@@ilikedavidgilmour
Another Indian CEO who did his Engineering from a Top Institute in India.
A failed leader... company is failing under his leadership....
@@steve19811keep crying 😂😂
@@WaffanSS thank you come again
So long as the US continues to attract talent from across the world, it will remain the most dominating world power. I truly believe, that with all its flaws, the US is a nation for good. Best wishes!
Meanwhile our own country India going in the opposite direction - with unimaginable bigotry, fascism, and unprecedented levels of emigration out of India.
@@mrgyani exposing radical islamists is not fascism fool
@@kidoman7988 calling everyone who criticizes the ruling party an anti national, controlling the media, putting a narrative against one particular community is not fasicm but nazism and you're a nazi
@@mrgyani fully agree
@@kidoman7988 you opposing islamists doesn't mean you are any better.. So Islamism is bad, but hindutwa kosher?
And what about the bulldozing of houses?
The toppling of state govts?
The silencing of media?
The misuse of agencies (6000+ arrested under NSA, UAPA. 4500+ ED cases against political opponents)
The daily radicalization of the population in every medium, every channel, 24/7
Wow.. that was the epitome of awkward interview.. kudos to both execs to handle it professionally
Congratulations Mr Laxman!
Wow! Time to include South Indian filter coffee into Starbucks so we show the world what a coffee really is! It’s an experience to drink South Indian filter coffee.
We do have north india chai tea and masala chai tea😂😂😂
Keep that yourself
Stfu make Indian brand
Kappee not coffee ❤️
@@Akelehimarenge bielive me nothing beats south Indian filter kaappe
Incredibly pedigree and joins a long list of top Indian-origin CEOs in America. Indra Nooyi was a legendary CEO of Pepsi and hopefully Laxman will bring that kind of magic to this iconic company.
Indians are very toxic in corporate america. Pepsi flopped and twitter tanking and google is in a downward trend too
Another bvrahmin quota people 🙄🙄
Yup him and Apu
Jealousy coming through basement boy.
@@PastPresentFuture360 what jealousy?! He's a puppet man! now go get me more chicken tikka masala!
I've noticed the best way CEOs demonstrate their humility and compassion for the employees is to draw a salary that is a thousand times higher than theirs. Secondly they should call their employees partners and treat them like pets. That makes them a Fabulous Grandmaster of humility.
A CEO does thousand time more work.
Salary depends on the number of high stake decisions you take. Not number of hours.
Do you think a CEO is a 9-5 job M-F?
Do you think you could learn to be a CEO in 2 weeks?
😂😂😂😂Hypocrisy and arrogance in salaries ...
Laxman will join Ajay, Shantanu, Satya, Indra, Sundar etc as successful Indian CEO's leading success in various companies
Another bvrahmin quota people 🙄🙄
Imagine how pathetic your life is to go to every comment and say the same thing. There’s no quota in the US for CEO roles.
@@PastPresentFuture360 lol he's a spammer crying in his basement
why do you care?
@@PastPresentFuture360 Abhi don't be a sheep. why do you respond to trolls? I hope you didn't boycott laal Singh chaada
@@jetpark3743
What's that related to boycotting a movie
I had the pleasure to work as a Store Manager in the early 2000's when working for this company was a blast and a privilege, the best best benefits, best leadership team and I believe the best two CEOs the Starbucks has ever had are Orin Smith and Jim Donald, really will be hard to beat these two legends in business.
Laxman is very very good
@@jetpark3743 he ran Pepsico, one of the most corrupt organizations in the world.
both are greedy selfish hack
Pune in the house on the big stage 😎😎😎 great rep for Punekars and Indians all over the world
Another bvrahmin quota people 🙄🙄.
Why don’t they just stay in India 🇮🇳 and help improve India 🇮🇳. Oh, Starbucks sucks, BTW.
@@1525boy 1.4 billion Indians? With that population I'm pretty sure each and everyone is self-sufficient and able to help themselves
@@ramumanickam1643 But they’re not.😫😩😢
This is going to be the right way for many Boomers big business founders passing the torch to their new candidate. The reason I said it because being a CEO is a BIG job especially when you bring the new people to be in charge in the company, as I can relate it with my past. First of all, being the successor of one of the greatest food retail business like Howard Schultz is one of the luckiest opportunity that anyone could dream of (maybe it's just in my dream), and to be supported by the CEO itself, as it mentioned in the video where they work closely together to learn about the business as well as he lets him run the business solo without any P/L and direct report yet he will go tour with him and let him execute all the company strategies and co-create with him. This is way better, as I think Howard learned the mistake in the past where he just let his successor run the business without structuring it properly, and now he mentions that he is never coming back again as he found the right person to replace him.
I am eager to see how Laxman helps starbuck do the turnaround in the business during the uncertain and economic downturn, he has great competency working as a partner at McKinsey in the past and Pepsi-co. I have seen that more and more big business founder structure the replacement of their business to the successor by selecting the insider employee that has been growing and learning in the company for a while because it's easier to do so, as well as there will be NO struggle for the new CEO to hit the ground running because they know the inside out of the company, yet this is one of the kind and perhaps a great example for many big company in the future who wants to select their successor CEO in the future.
I've once worked in Starbucks under Howard's leadership and it's not questionable that he makes us feel like we are proud to work in such a great company, Starbucks cares about their employees. I can't wait to see the next great things coming at Starbucks and I said this as an outsider, not being paid or wanting to work at Starbucks. My dream may be one day I'll get this kind of chance for my second time to run the business with the CEO. #AlittleGirlWhoDarestoDream
Why would someone go to Starbucks when they can go to an independent coffee house which is MUCH BETTER?🤔🤔🤔
Status.
@avijitsingh8159 young Students and Influenza
😂😂I wonder if they would be able to spell his name at a Starbucks 😂😂😂 as an Indian I know the pain 😂😂😂
Just Another bvrahmin quota people 🙄🙄
@@Q_QQ_Q first of all brahmins don't get any quota in India
He and his family will never buy starbucks
Lmao
@@Q_QQ_Q
What is braahmin Quota anyways?
Proud alumnus of My college - Mr. Laxman Narasimhan 🔥
Nothing to beat the Kumbakonam degree coffee. The new CEO should get this family to unite and probably supply their blend to Starbucks. Period!
Agreed. Bought your stock finally.
Higher interest rates inflation and economic recession is worse case scenario
Laxman...just add BRU filter coffee to your menu...your revenue will jump 20% in USA
☕Key takeaway is the USA has a mature market and the brand is growing strong in Asia. Two different buckets. Retention strategy is key in USA. To keep the loyal customers happy but in Asia it is all about new customer acquisition. Tea is the primary drink in Asia.
@@sax_cy well they are not selling coffee, in Asia it seen as status symbol. Heck I saw many people in India keeping Starbucks cups as decoration. Starbucks is a formidable brand and as India westernise like East Asia they will be miles ahead of others in India. Don't underestimate west doing business remember East India company was just a business.
@@ajaxjaiswal3442
Completely agree
Plus Starbuck have tieup with TATAs so they may succeed.
But I personally hate Starbucks it's over priced.
Plus they have competition from CCD which is also coming back.
Für Junge Studenten und Akademiker ein absolutes Highlight. Ausserdem ein Status wie das I Phone. Stylisch und mit einem großen Marketing Gewinn.
laxman was gulping when the interviewer asked if Howard would change his mind
Only few big players control directions US stocks market
Starbucks always has a sovereignty or predominance over coffee industry arena . It rapidly unroll or expound inauguration of branches and flatten or grade the paveway towards this . I personally feel so rejoiced anc gratified and thrilled everytime i go there to bask some sips of coffee . I hope they dilate their network in ksa , still prices ceiling is irrational .
It's a beast
Sounds like you have lots of shares in Starbucks. Calm down buddy.
Just fix the darn chai tea latte Mr.Lax.
Another bvrahmin quota people 🙄🙄.
Do incoming CEO get share or stock options when assigned the position or is there a wait untill the previous CEO step down
Depends on who their contract was negotiated.
Good Job ,They Doge all the important Labor union questions !Do they sell Masala Chai in SB ?
Haha. I think the closest you’ll get is Chai Tea latte and that is very popular.
@@ps4474
What is chai tea 😂😂😂
Why all American companies are choosing Indian CEO'S who worked previously at McKenzie's
Great company founded by a super intelligent guy now shall reach even greater heights with a great young and refreshing mind for its ambitious growth plans !! Congratulations Starbucks and Laxman !!!!
FINALY AS GOOGLE AS ANY OTHER COMPANY IN US... A CEO INDIAN... U WILL NOW SEE THE GROWTH
Stop this 💩 bro
Love how they brag about expanding to other countries off the backs of their low wage workers. The CEO pay package must be real nice.
Minority quota
become a shareholder and share in the profits
wages arent where wealth is made
@@Q_QQ_Q crying everywhere lol
these Indians have better than your depressing life
Love the confidence that the ceo has in his future ceo. It starts from the top…
He needs to reduce the price the items are wayyyy overpriced
This is what he said the last time too 🤔
Just another Hardworking Indian 🇮🇳 who taking over the CEO title in USA MNCs 😜
U do know that this is the US ploy to make India a more substantial partner in Asia in the face of rising threat from china right? All they're doing is attracting brilliant minds from your country to go to the US and work for them .
Stop taking credit for American citizens.
@@sandeepshah105 Stop thinking from colonial mindset . Indian are indian anywhere
@@flyeagle320 nobody thinks of Irish Americans as Irishman. Everything these indian CEOs will contribute and achieve will directly benefit American culture and more importantly the American economy. The millions of kids they'll inspire in India will dream of moving to America one day and achieving success like these men in the US.
@@alfblue4734 But still American need Indian to prosper . This shows that India is core to world development . Once Politics in India become correct . In no time India too will overtake USA . Don't forget India already in 5th position
I think I will make my own coffee from now on.
If it happens once it may or may not happen again if it happens twice it will happen again the third time
One of the key recent developments came with the appointlent of a new CEO - Laxman Narasimhan, who is the first Indian-American to asssume the role of leaving the gobal busoness
Shultz is not the founder of Starbucks. Eventhough without him it would be nothing now.7
who is the founder?
@@kvs1671 en.m.wikipedia.org/wiki/Starbucks
Please watch his (the new CEO) Video about his "Go to Coffee"!!
Hopefully now we will get better chai at Starbucks!
We need filter coffee.
10₹ only
Proud to be Indian living in America
I sold my stock after watching the CEO interview with Jim Cramer.
Smart move. This Indian CEO is driving the company into the ground. Has no clue why people went to Starbucks to begin with.
35 thousand coffee stores
They should get zero tax breaks ..
they bring nothing to the table ..
Howard looks like Mr. Burns and the other guy looks like Smithers
Excellent
Hilariously accurate
Samosas and masala chai will be on the Menu😉
It’s suprising how Indians make up 1 percent of our population yet remain one of the richest in the country.
Not really; it’s the tiger mom culture.
Almost 6 minutes long clip. Not once did the host address Laxman by name. Ughh!
Personally I would feel undressed if I wasn't wearing a tie while being interviewed.
International companies wil for some years will have Indian CEOs because India is the only market which is flush with funds in the mega cities and upwardly movement of the attitude of such people,and they want to take this advantage to expand ,and Indians are obsessed with a Indian being it's CEO, this brings closeness to the products considering their own.
correction dear..as an Indian i must say..... the only thing Indian about them is their origin......they are as American as they can get that's why they can even become CEO too
Wrong. Nothing to do with that
Completely incorrect 🙏
Indian business man best in the world. Not even close!
Microsoft Google IBM and many more!
America is learning now!
Well Canadians are close by why don't u guys beg for leadership positions in American companies eh? Maybe be they can get you something worth your sorry ass
Can you please name any great companies names you mentioned above which was started by Indian? Leading a already successful brand is not as great a thing like starting the a new brand and taking it to the helm of success.
@@bignavin10 no Indian company is there in terms of global reach but you see there is bias in your question. It's not a fair compitition tbh because India was not the great influential market like the American one back then. You see most Indian companies didn't had the head start like American ones. Because you see India was a colony back till 1947. We had/have a lot of poverty, illiteracy etc. Also our growth was slow, not like China's.
But see here a good example China they have companies that are now competing with yours now even though they are just 3/4 the size of your economy.
You should note that even though the silicon valley was not built by Indians but they are manned by them from the start. They started as low level software engineers and not even 2 decades they are running them, successfully so.
Don't think India has nothing to show for themselves you see India built its own silicon valley. It built small companies that American companies are investing in because they know future is in India not America. Next generation customers are here in India not in America. America is aging society whose future major industry will be of adult diapers.
Infosys, TCS, freshworks, Flipkart, Ola etc are a few companies from India. Note them you're gonna hear about them a lot in coming years.
@@ajaxjaiswal3442 u do realize all the Indian companies u named are carbon copies of American companies made for the Indian market right? All America is doing is brining in intelligent people from ur country to the US so they can help India be a substantial partner in the rising threat of china. The US is the real winner end of the day.
@@bignavin10 Yes tons of companies Bro
Maybe 500
Laxman sure seems up himself.
He is super intelligent Bro
Wally Wallace
they are talking about him infront of him as if he is invisible- i mean the disrespect show to laxman is too much- disgrace
Lol why is the interviewer guy so rude to the new Ceo like he ran away with his wife 😂😂
Wow as an Indian this is an outstanding news 😮
Except he can't seem to spell his name correctly, which is obviously affecting Howard's pronunciation of his name. It's _Lakshman,_ not "Laxman".
„Lax-man“ ? Really ? Could he at least try to pronounce it better ? The host needs some manners btw
Best time to step down when he knows the economy is going be south so that he can blame the new ceo when the company lose money
Solidarity with Starbucks baristas. Union busting is disgusting.
Just wait for his accent. The costumer orders 30 ice coffe and he gives them. Dirty coffee
Oh nice
Are they still calling it Chai Tea Latte? 😂
Another bvrahmin quota people 🙄🙄.
@@Q_QQ_Q aap Har Jagah hate Kyun faila rahe ho🙁
Another theatrical interview for keeping the stock price steady as no one likes change.
Where is Starbucks headquarter located?
Seattle I think
Please stop selling sugar water. Please introduce Italian style coffee with liquers
Lmao wth did I just read hello we Muslim didn’t drink that so are little kids and teens stupido
@@Masha-kd2im crazy mind. I do not practice that religion nor was I born into that. Pea sized brain cant understand that now can they
How did you decide “this” was going to be the next CEO. This ? The host needs to find a new job . “That” is not good at hosting
Asian Excellence! 👊🏼
Yay Congratulations to both of you. And remember to have a cup of coffee(Joe). On September 29 th National Coffee Day. Yay Yuppers 🎉☕️🎉👏👏👏😀
Note to all viewers - ignore what the host is asking, or even ignore who he is
Focus on listening to the thoughts of these two gentlemen (Howard n Laxman) n their talking!
The correct pronunciation is Luksh-munn.. not Lax Man
Doesnt one unbutton ones jacket when you sit down.
Congratulations to Mid Tiers
I think Mr Schultz has something to say after this quarter’s miss 😅
why all the ceos belong from top colleges in the world
Why looks like laxman just ate PAN
When was the last time you went for an eye check up.
Ask him to ban chai tea latte. It's chai! This is a hill I am ready to die on!
Global debt jubilee coming October 24
Who's this Lacksman guy Howard keeps talking about? Seems nice
Improve the hosting skills
Can't believe this is a professional media outlet. Even a amature youtuber has better hosting skills.
No wonder why so many don't watch interview boradcast and listen to podcast.
When they felt they own McKinley
If you could just let me have my coffee nap I could be more successful and happy
Somehow I am imagining Mr. Lakshman in that mai hu na meme.
Ram : Tumne Starbucks ki coffee pi hai lakshman.
Lakshman: Haa, vo toh sabne pi hai
Ram : Sabne nai pi hai lakshman 😜
Looks like a grumpy anchor
And racist
Hopefully the new guy lowers prices on there coffees.
Noticed a number of Indians leaving comments. There are still a handful of few Indian CEOs which is not a big deal considering India got a huge population 1.5 billion people and they immigrate the most to all other countries.
Woods Coffee is better. Consistent on quality.
that was a pretty racist comment from the anchor. The best candidate was chosen acc to Schultz, he does not need to justify anything.
good maybe customer service will get better
good choice by Howard
Let's see if this guy can save Starbucks
How come all ceo of indian orgin .. interesting though ..
Starbucks should start selling real coffee
They do have real coffee. Its just that the baristas don't promote them because the sweet coffees drinks take priority
I need to learn something from Indian people. I know they are smart but there are many CEO´s from that country. It´s fantastic. I would like to know.
First. Lets dress like him
This didn't age well.
Starbucks stopped caring about experience and just thinks expansion is going to save it. Sorry, that's not why people stopped going. Look at Sweet Greens, they're doing well for a reason.....
Howard wasn't the Founder but still...
Does anyone know why all ceos coming in recently are Brahmans when we have so many other immigrants groups that endured so much before to make Silicon Valley people