A group of Starbucks investors are asking shareholders to oust two board members who they say pulled a “U-turn” on labor relations oversight when the company needed it most.
Jørgen Vig Knudstorp, lead independent director of the board, and Beth Ford, chair of the board’s nominating and corporate governance committee, bear responsibility for failed oversight on issues such as quietly shutting down the board’s labor relations committee, prolonged efforts to reach a contract agreement with unionized workers, and other labor-related controversies during their tenure, the New York State Comptroller, SOC Investment Group, and four other investors charge in a Wednesday ...