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Re:Remembering my father by tptacek on Tuesday September 15, 2020 @08:32PM (#24488333)
Bear in mind that the Starbucks you're probably thinking of, when you think "Starbucks", was created largely by Schulz after that acquisition happened. This story took place in 1987.
Re:Remembering my father by nuclearnice1 on Tuesday September 15, 2020 @10:30PM (#24488975)
Yeah this was six stores. The offers were 3.8M and 4M.

What’s the importance of bearing that in mind?

Re:Remembering my father by tptacek on Tuesday September 15, 2020 @11:09PM (#24489190)
That it's easy to say with the benefit of hindsight that the rival bidders for Starbucks would have been cheated out of a fortune, but unclear that the fortune was theirs to be had even if they'd won the bid.

What's more likely is that Schulz would simply have started a different chain, and we'd be talking about that company the way we do about Starbucks now.

Re:Remembering my father by vijayr02 on Wednesday September 16, 2020 @03:49AM (#24490463)
I don't think that's the point that nuclearnice1 is making.

The focus is not on the other bidder (who may or may not have gone on to make a fortune).

The point is the seller could have gotten more than what Schulz paid for the chain. If this was a corporate m&a situation and a second bidder arose at a higher price, the board has a fiduciary duty to consider that offer.

Re:Remembering my father by whizzter on Wednesday September 16, 2020 @05:26AM (#24490973)
Probably not, if BG sr was able to scare of the other bidder with a short conversation there was probably legal grounds that made the other bid problematic in some way.
Re:Remembering my father by benatkin on Tuesday September 15, 2020 @09:14PM (#24488578)
Timeline of Bill Gates: https://legacy.npr.org/news/graphics/2008/june/bill_gates/ga...

So he was a billionaire or a soon-to-be billionaire.

Re:Remembering my father by chipotle_coyote on Tuesday September 15, 2020 @09:39PM (#24488721)
I think tptacek's point wasn't about Gates's wealth, it was that Starbucks at the time was pretty tiny. It (Starbucks) has a kind of interesting history, tangled up with Peet's Coffee & Tea in its very early years.

(Starbucks also used to be a lot more, well, serious about coffee, selling fresh-roasted coffee in bins in the store rather than bags shipped out from central roasters, as well as selling a small but well-curated selection of brewing equipment that wasn't just Starbucks-branded stuff. Peet's still has some of that vibe, although they're less eclectic now than they were even 15 years ago.)