Seattlest: To Go With That 97% Drop In Profit

ToasterDan

Thu, 13 Nov 2008 13:59:08 -0800

Simonian is, in my opinion, exactly right. He's going to be the CFO for a company with well over 100,000 employees. If you want to get someone that can sort out the financials for that sort of an organization, they aren't going to come cheap. Also, I think the link you've got there is wrong...

TroyJMorris

Thu, 13 Nov 2008 12:16:34 -0800

Yeah, but they gave me a free short Americano last night, so no complaints.

Simonian

Thu, 13 Nov 2008 09:02:03 -0800

Though on the other hand, most CFOs for comparable companies probably make significantly more than that. And when CFOs expect that kind of money, how are you supposed to get someone in to do the job if you offer what they see as a below-market salary? The proof will be in the double tall carmel macchiato, though, when we see if the guy can actually help turn the company around.

ronaldholden

Thu, 13 Nov 2008 08:59:37 -0800

No longer is it impossible to think of Starbucks as "fighting for its life." In these columns a couple of months ago, I predicted Starbucks was on the ropes...and was roundly ridiculed. Just you wait, Howard Schultz, just you wait!