Starbucks CEO defends wage hikes as stock falls 7% on coffee chain’s weak earnings outlook

Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks CEO Kevin Johnson on Friday defended the coffee chain’s plans to hike wages for baristas at least twice next year, saying that the move will help the company gain market share.

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Biden’s vaccine mandate will further disrupt supply chains, Raytheon CEO says

“We certainly expect that there will be some disruption in both the supply chain and with our customers as a result of this,” Raytheon CEO Gregory Hayes warned during a conference call with analysts Tuesday. “But we’re going to work

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Cirrus Aircraft CEO: Why Private Aviation is Booming

Zean Nielsen. Image: Cirrus Aircraft Zean Nielsen is Chief Executive Officer at Cirrus Aircraft and is responsible for oversight of the company, working with senior leaders from across the business to transform innovation, operations, and the customer experience. He joined

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Salesforce CEO Marc Benioff says ‘we’re not all going back’ to the office

Salesforce CEO Marc Benioff said Tuesday that there’s no returning to the pre-pandemic workplace. “I’m sorry to all my friends, but we’re not all going back,” Benioff said in an on-stage interview at the Code Conference in Beverly Hills, California.

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PlayStation CEO nixes free cross-gen PS5 upgrades for good

Enlarge / Sony’s new standardized cross-gen upgrade cost will be $10 for all first-party games slated to release on both PS4 and PS5. Sony announced last week that players will be able to upgrade any version of Horizon Forbidden West

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Game studio CEO ousted after tweeting he’s “proud” to support Texas abortion ban

Enlarge / Killing Floor 2. Over Labor Day weekend, a social media firestorm began when Tripwire CEO John Gibson tweeted his endorsement of a recent Texas anti-abortion law that prohibits abortions at six weeks. The controversy ended with Gibson’s swift departure

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