How China’s stimulus could provide a boost to new CEOs at Nike and Starbucks down the line

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How China’s stimulus could provide a boost to new CEOs at Nike and Starbucks down the line

If the economic stimulus plans in China prove successful in boosting consumer spending and economic growth, it could make life easier for two new CEOs in the ******* States who are trying to orchestrate their own turnarounds.

Brian Niccol and Elliott Hill are taking over Starbucks and Nike, respectively, just as a key market that weighed on their predecessors gets a boost. Both companies are in the top 50 of S&P 500 companies with direct sales exposure to China, according to Bank of America — Nike has 14.7 per cent exposure, while Starbucks is at 8.6 per cent.

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