BREAKING: Howard Schultz, architect of modern Starbucks, to step down as executive chair and from the board.
- Howard Schultz is stepping down from his role as executive chairman of Starbucks, effective June 26.
- Myron E. Ullman, former chairman and CEO of J.C. Penney was named chair, while Mellody Hobson, president and director of Chicago-based investment management firm Ariel Investments, will be named vice chair.
- Schultz’s latest leadership transition has sparked speculation about his potential political plans.
Courtesy of Ashe Schow, who tweets: “When the Left turns against the most ham-fisted social justice big business, it’s time to throw in the towel.”
When the Left turns against the most ham-fisted social justice big business, it’s time to throw in the towel. t.co/xi3c4CZptn
— Ashe Schow (@AsheSchow) June 4, 2018
Indeed.
h/t SG
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