Starbucks chief Schultz retiring, may run for president
Howard Schultz, who built a small Seattle coffee chain into the global powerhouse Starbucks, announced on June 4 he was retiring from the company, fueling speculation he may seek the Democratic presidential nomination in 2020.
Schultz’s announcement triggered immediate speculation that he may consider entering politics as a Democrat and run for the White House two years from now.
Schultz told The New York Times he hadn’t decided on his next move yet, but “for some time now, I have been deeply concerned about our country - the growing division at home and our standing in the world.”
Schultz, who has been openly critical of President Donald Trump, said “one of the things I want to do in my next chapter is to figure out if there is a role I can play in giving back.
“I intend to think about a range of options, and that could include public service,” he said, when asked if he was weighing a presidential run.
“But I’m a long way from making any decisions about the future.
“I want to be of service to our country, but that doesn’t mean I need to run for public office to accomplish that,” Schultz told the Times.
“Together we’ve done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility.”
“He is also writing a book about Starbucks social impact work and the efforts to redefine the role and responsibility of a public company in an ever-changing society,” it said.
Schultz’s departure comes a week after the company closed more than 8,000 US stores to provide racial bias awareness training to around 175,000 employees.