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Starbucks Executives Get Pay Freeze

Huffington Post Top executives at Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company. U.S. workers at the vice president level and higher will not receive salary increases for fiscal 2009, according to a memo posted on www.starbucksgossip.com and confirmed by a company spokeswoman on Wednesday. Eligible U.S. assistant store managers, store managers, retail management trainees, district managers and most hourly roasting plant will receive a 3.5 percent salary raise, the memo said.

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