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
OccupationChairman Emeritus, Starbucks
Net worthUS$3.7 billion (April 2019)
Political partyDemocratic (before 2019)
Independent (2019–present)[1]
Sheri Kersch (m. 1982)
WebsiteOfficial website

Howard D. Schultz (born July 19, 1953)[2] is an American businessman and multi-billionaire. He was Chairman and Chief Executive of Starbucks from 1986 to 2000 and again from 2008 to 2017, as well as 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 at Square, Inc.[3] In 1998 Schultz co-founded Maveron, an investment group, with Dan Levitan.[4] He was named by Forbes in 2016 as the 232nd richest person in the United States, with a net worth of $3.7 billion as of April 2019.[5]

Schultz resigned as the Chief Executive 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". 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". 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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