Wiki:Howard Schultz

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Howard Schultz
Howard Schultz by Gage Skidmore.jpg
Schultz in 2019
Born (1953-07-19) July 19, 1953 (age 66)
EducationNorthern Michigan University
(BA)
OccupationChairman emeritus, Starbucks
Net worthUS$4.1 billion (November 2019)
Political partyDemocratic (before 2019)
Independent (2019–present)[1]
Spouse(s)
Sheri Kersch (m. 1982)
Children2
WebsiteOfficial website

Howard D. Schultz (born July 19, 1953)[2] is an American businessman and billionaire. He was chairman and chief executive officer of Starbucks, from 1986 to 2000, and, again, from 2008 to 2017, then its executive chairman, from 2017 to 2018. He is a former owner of the Seattle SuperSonics, and was a member of the board of directors of Square, Inc.[3] In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan.[4] He was named by Forbes, in 2019, as the 145th-richest person in the United States, with a net worth of $4.1 billion, as of November 2019.[5]

Schultz resigned as the CEO of Starbucks and became executive chairman in April 2017.[6] He was succeeded as CEO by Kevin Johnson.[7] Schultz retired as executive chairman in June 2018, then becoming chairman emeritus of the company.[8] Long known for his outspoken political views, Schultz announced in January 2019 that he was exploring a run in the 2020 United States presidential election as an independent candidate.[9] However, in June 2019, he announced he was temporarily suspending his presidential bid, citing health concerns.[10] In September 2019, he officially abandoned plans to run, citing the risk of re-electing Donald Trump.[11]

  1. ^ Smith, Allan (January 30, 2019). "Howard Schultz says he's not a Democrat, surprised by backlash". MSNBC. Retrieved January 30, 2019.
  2. ^ "Famous birthdays for July 19: Brian May, Anthony Edwardsl". United Press International. July 19, 2019. Archived from the original on July 19, 2019. Retrieved August 7, 2019. Businessman Howard Schultz in 1953 (age 66)
  3. ^ Efrati, Amir (August 8, 2012). "Starbucks Invests in Square". The Wall Street Journal.
  4. ^ Arnold, Glen (2008). Corporate financial management. Pearson Education. p. 496. ISBN 978-0-273-71041-7.
  5. ^ "Howard Schultz". Forbes. Retrieved April 2, 2019.
  6. ^ Egan, Matt. "Starbucks CEO Howard Schultz to step down". Money.cnn.com. Retrieved June 4, 2018.
  7. ^ Whitten, Everett Rosenfeld, Sarah (December 1, 2016). "Howard Schultz stepping down as Starbucks CEO; current COO to replace him". CNBC. Retrieved December 2, 2016.
  8. ^ "Howard Schultz to Step Down as Starbucks Executive Chairman". Nytimes.com. June 4, 2018. Retrieved June 4, 2018.
  9. ^ Emily Birnbaum (January 27, 2019). "Howard Schultz makes Twitter debut amid 2020 speculation". The Hill. Retrieved January 27, 2019.
  10. ^ Amanda Terkel (June 12, 2019). "Howard Schultz Announces Campaign Staff Cuts, Summer Hiatus". HuffPo. Retrieved June 12, 2019.
  11. ^ Veronica Stracqualursi (September 6, 2019). "Howard Schultz drops plans to run as independent candidate in 2020". CNN. Retrieved September 6, 2019.

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