From 1.2 million to 10 thousand dollars reduced annual salary of the head of the company Starbucks Howard Schultz. This decision was made by the board of directors known worldwide network of cafes, at the request of the Schultz, decided to take the economy in difficult times.
On the same minus the cost of health insurance for the head of Starbucks will now earn less than four dollars a month news agency.
However, this move is unlikely to comfort the almost seven thousand employees, which, as announced on the same day, lose their jobs because of the closure of another 300 cafes. 200 of them are in the United States.
In a press release, Starbucks explained this step sharp decline in sales. In the first fiscal quarter, which ended for Starbucks December 28, 2008, the income of the company fell by 6% compared with the same period last year and amounted to 2.6 billion dollars. Net profit for the same period fell from 208 million to 64 million dollars.
In July last year, Starbucks announced the closure of some 600 cafes in the U.S. and more than 60 - in Australia: the first time in 16 years since opening in 1992, the company suffered a loss.
Founded in 1971, the company Starbucks has more than 11 thousand cafes in the U.S. and in 43 countries, including Russia. Its assortment includes more than 30 kinds of coffee blends and varieties, including latte, cappuccino, espresso, mocha and , which can consume as or chilled. At Starbucks, you can snack pastries, sandwiches and salads.
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