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  "documentTitle": "Strategic Organizing Center | Activist Presentation Deck | 65 slides",
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      "text": "Consumer Discretionary\nThe Estée Lauder Companies Inc.\nMarriott International, Inc.\nMcDonald's Corporation\nNike, Inc.\nTarget Corporation\nV.F. Corporation",
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      "text": "A group of \"global companies” with “complex management needs” and “strong brand profiles,” including some whose share price movements have been negatively correlated with Starbucks*, is used by the Board to set management's total compensation levels",
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      "text": "Consumer Staples\nThe Coca-Cola Company\nColgate-Palmolive Company\nGeneral Mills, Inc.\nThe Kraft Heinz Company\nPepsiCo, Inc.\nThe Procter & Gamble Company\nKimberly-Clark Corporation\nMondelez International, Inc.",
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      "text": "IT-Software and Services\nPayPal Holdings, Inc.\nVisa Inc.",
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      "text": "Total Compensation Levels for Executives are Based on Compensation at Dissimilar Companies",
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      "text": "The Company purportedly opposes unionization because it will lead to higher wage costs, but we believe Starbucks' peer group manipulation reveals that the Board's concern with managing wage costs does not extend to limiting executive management compensation",
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      "text": "*Note: Shares of Coca-Cola (KO), Estee Lauder (EL), Target (TGT), and V.F. Corporation (VFC) were negatively correlated with SBUX during the period from Dec. 9, 2021, to Nov. 21, 2023\n**Source: Starbucks' Definitive Proxy Statement, p. 73 (Jan. 25, 2024)",
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      "kind": "title",
      "text": "STARBUCKS FISCAL YEAR 2023 EXECUTIVE COMPENSATION PEER GROUP COMPANIES**",
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