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The CEO change at Starbucks shows that an old investment rule still applies


The CEO change at Starbucks shows that an old investment rule still applies

You hate it when a shibboleth that was supposed to exercise and demand discipline actually costs you money. That’s how I feel about the idea that it’s a sin to give up value. Since the late ’80s, I’ve believed that if you think a company or its brand is valuable, you have to fight to […]