Starbucks’ interim CEO Howard Schultz announced today that the company will be suspending their share buyback program. In a letter to employees Schultz said that this suspension will allow them to invest more profit into their people and their company, creating long term value for all stakeholders. Some speculate that this move could be an effort to quell the growing unionization efforts at Starbucks stores across the country.
See "Starbucks to suspend share buybacks and invest more in their people ", Matt Ott and Dee-Ann Durbin, ABC News, April 4, 2022