A group of labor unions has ended its proxy fight at Starbucks and withdrawn board nominees. This comes after the unions and Starbucks agreed last week to work toward a "foundational framework" for collective bargaining. The Strategic Organizing Center argued Starbucks' response to unionization efforts had hurt shareholders. But last week's agreement was seen as a turning point and sign of Starbucks making a "good faith" effort to repair worker relations. The labor group emphasized the importance of shareholders keeping a close eye on the Board's performance and Starbucks' labor relations, with a commitment to hold the company accountable in the future.
