Starbucks Loses 600 Stores, Gains Corporate Jet
Oh my the Seattle Times seems to be in a snit about Starbucks’ (SBUX) decision to buy a new Gulfstream 550 jet. The company that brews lattes and cappuccinos for the masses reportedly shelled out $45 million for the plane and now owns 3 jets. This atrocity happened “at about the same time it told employees that it was reconsidering how much it will match in their 401(k) plans this year ” the newspaper reports. You can almost hear the reporter hyperventilating. But owning private planes probably makes sense for a company that operates in 43 countries outside the ...
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