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Starbucks Exec Chairman Steps Down (Video)

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Howard Schultz, Starbucks executive chairman, visits the original Starbucks store at Pike Place Market on Monday, June 4, 2018. (Joshua Trujillo, Starbucks)

 The Executive Chairman of Starbucks, Howard Schultz, is stepping down as of June 26th. Veuer’s Sam Berman has the full story.

SEATTLE — Howard Schultz, the outspoken executive chairman of Starbucks, will leave the company at the end of the month, bringing to an end the tenure of a socially conscious entrepreneur who turned a local Seattle coffee chain into a global giant with more than 28,000 stores in 77 countries.

[You can read Howard Schultz’s Message To Starbuck’s partners]

Mr. Schultz’s decision to retire, a plan he said he privately outlined to the board a year ago, will most likely stoke speculation that he is considering a run for president in 2020. He is frequently mentioned as a potential candidate for the Democratic Party and has become increasingly vocal on political issues, including criticizing President Trump last year as “a president that is creating episodic chaos every day.”

Faith Based Events

While Mr. Schultz, 64, typically bats away speculation about his political ambitions with an eye roll or a pithy answer, on Monday he acknowledged for the first time that it is something he may consider.

[vc_btn title=”Continue reading” style=”outline” color=”black” link=”url:https%3A%2F%2Fwww.nytimes.com%2F2018%2F06%2F04%2Fbusiness%2Fdealbook%2Fstarbucks-howard-schultz.html||target:%20_blank|”][vc_message message_box_style=”outline” message_box_color=”black”]New York Times, excerpt posted on SouthFloridaReporter.com, June 5, 2018

Video by Veuer/Sam Berman[/vc_message]