Overview

• Starbucks is in settlement talks with Elliott Management, which seeks to add Jesse Cohn to the board.
• Starboard Value has also taken a stake in Starbucks, though its demands remain unclear.
• Starbucks shares have risen despite a year-to-date decline of about 20%.
• CEO Laxman Narasimhan is likely to retain his position if a settlement is reached.
• Starbucks faces challenges with declining sales in the U.S. and China.