U.S. labor board prosecutors have determined that a union's claims that Chipotle Mexican Grill illegally refused to give raises to workers at a Michigan restaurant after they became the first and only employees of the fast-casual chain to unionize have merit.
Chipotle's CEO has left to take over the top job at Starbucks. There's no guarantee the new leader, who will be carrying high expectations, will succeed.
Chipotle stock has skyrocketed since 2018 because its profits have soared. The company's new leadership will have to combat consumer perceptions that its portion sizes have shrunk, and doing so could cut into its profits.
Chipotle continues to demonstrate impressive performance despite industry pressure. It doesn't look like it was expecting its CEO Brian Niccol to leave right now.
Starbucks' stock soared after it poached Chipotle's star CEO. Chipotle's stock sank as investors worried about its future.
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