Pershing Square Activist Presentation Deck
Well-Insulated from Wage Pressures in the U.S.
We believe that Starbucks is one of the most well-positioned retailers if
minimum wages rise due to its “partner” compensation philosophy
Entry-level pay above the minimum wage in all 50 states
Superior benefits for part-time workers since the 1990s
■ Comprehensive health insurance
Stock ownership through "Bean Stock" program
401k retirement benefit
Starbucks College Achievement Plan introduced in June 2014
Full tuition coverage for a four-year degree at Arizona State University's online program
Savings from corporate tax reform shared with partners
Second wage increase in addition to the regular annual increase
▪ Special stock grant of $500 for retail partners and $2,000 for store managers
▪ New Partner and Family Sick Time Benefit
Expanded parental leave to include all non-birth parents
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