Ouch. Starbucks announced today it is closing 600 underperforming supplies. According to Fortune, that’s about 8/5% of their stores.

Starbucks shares are down 40% over the past year.

In April, at the time Starbucks warned that profits for the first quarter would be 6 cents beneath the 21-cents-per-share Wall Street target, Schultz said the turnaround lay out wasn’t taking hold.

“The current economic environment is the weakest in our company’s history, noted by lower home values, and rising costs for energy, rations and other products that are directly impacting our customers,” Schultz said at the time. Schultz returned as CEO in January, replacing Jim Donald.

(Read the full post about ‘600 Fewer Places To Get A Starbucks’…)

The other day I was having dinner with a first year lawyer. He works in a very large law firm and whenever he was hired he was given a handsome salary. He says, the salary is just fine –and he doesn’t feel like working the extra hours required to qualify for the annual bonus.

For this Gen Yer, he’s earning sufficiency currency make acknowledgments to you very plenteous. He wants a life. For the generation that coined the expression Generation Gap…we infant. boomers are at present finding ourselves on the other end of the gap line.

Talk to boomers who are charged with thrifty GenYers and you will see a roll of the eyes, a shake of the head and a general response that they are not an easy bunch to manage.

During the past week both U.S.

(Read the full post about ‘Which Would You Choose: A Bonus or More Free Time?’…)