Make us your home page
Instagram
The Biz

on people in business

The Biz: Starbucks tips its hand on biggest competitors

Starbucks left no doubt who the gourmet coffee giant regards as its biggest threats in a severance deal with Tampa native Jim Donald, who was pushed out as CEO in January. Donald cannot work for McDonald's or Dunkin' Donuts, reads the contract handing him a $1.25-million severance. Burger King, Wendy's or a supermarket chain? No problem. A grocer would be no stretch for Donald, whose management career started when he ran a Clearwater Albertsons.

SMITH SPROUTS IN BRUSSELS: Steve Smith, a key player in CEO Shelly Broader's conversion of Kash n' Karry to the Sweetbay Supermarket chain, has been promoted. He's off to Europe to head all marketing of the parent company's flagship Delhaize retail brands in Belgium. Smith will spend a three-year stint in Brussels, steering the image of the 140-year-old chain of 760 supermarkets, pet stores and convenience stores. "I'm American but grew up in Paris, so my French is pretty good," Smith said. "My goal is to be business fluent within a year."

'STEELE' DUO EXIT FLORIDA: They had a good gig going in St. Petersburg, but Bob Steele and Carol Steele are heading to the Midwest for new opportunities. Carol will be best remembered for her key role in 2004 when, as a conference delegate for USF's Center for Ocean Technology, she happened to strike up a conversation with an executive of SRI International. The rest is history. SRI now operates a branch in St. Petersburg. But Bob Steele, ethics guru at the Poynter Institute (which owns this newspaper), is becoming a journalism professor at DePauw University in Indiana. And Carol, who has been working for SRI, was named DePauw's associate dean of academic affairs. What's more, even in the slow Florida housing market, they've sold their home.

ST. JOE: FLORIDA'S BARGAIN? Peter Rummell, CEO of the state's largest private landowner, St. Joe Co. of Jacksonville, thinks real estate may be close to or even coasting along the bottom. At least in the Florida Panhandle, where St. Joe's holdings are concentrated. But Rummell sees a big gain come 2010, and not just from land development. "On this conference call, two years from today, we will be talking about the grand opening and first flights for the new Panama City Airport," he said Tuesday. "And by that time, 24 months from now, many economists think that economic conditions in general will be improving." Investors think St. Joe will rebound even quicker. From a low of near $27 a share in late 2007, the stock has trickled north and hovers near $40.

Times staff

The Biz: Starbucks tips its hand on biggest competitors 05/10/08 [Last modified: Thursday, October 28, 2010 1:40pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming

    Roads

    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street

    Retail

    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24

    Retail

    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters

    Corporate

    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights

    Business

    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.

    Yet.

    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]