Starbucks Gets Bucked By Their CFO

Mon, Nov 10, 2008

CFO Central

Starbucks Chief Financial Officer, Pete Bocian, is bailing on the over-roasted and over-hyped coffee company. Things must be really going south.

Starbucks (SBUX) stock has sunk 59% from over $25 a share this time last year to just about $11. That’s over 20% worse than NASDAQ performance over the same period and over 30% worse than the DOW.

Starbucks may be starfucked…we’ll wait and see what Q3 brings (as of June 30, 2008, their 10Q reports having more than $350 million in cash and investments).

This post was written by:

Chad Cohen - who has written 51 posts on CFO Lounge.

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