Howard Schultz the current politically correct CEO of Starbucks will be stepping down on April 2nd. The move was strategically timed so that he can celebrate one last holiday that was named for him just one day before. Schultz has hurt the name brand that he built by choosing Muslims over Christians and promosing to hire 10,000 refugees. (Which is not only ill advised, it’s also very illegal.)
Kevin Johnson will replace Schultz, who will remain with the company working on products and innovation. Starbucks is estimated to be worth 85 billion dollars and Schultz is said to be worth 3.1 billion although I wouldn’t give you a plug nickel for him. He was discussed as a possible running mate for Hillary in 2016 and many democrats are urging him to run in 2020. Unless I miss my guess, many republicans are too.
A good rule of thumb is the farther your leaders stray to the left the fewer moderate democrats who will remain with the party. Bernie Sanders forced Hillary to run from the left and we all know how that turned out. If Hillary doesn’t run, I expect 10 or 12 democrats will step forward and throw their pu**y hats in the ring.
The self-made billionaire was rumored to have been considered Hillary Clinton’s running mate in the recent presidential election, and the news of his departure as chief executive was made in December.
Schultz bought and turned the Seattle-based business from a fledgling company with four stores to a massive chain with 25,000 franchises worldwide.
In the announcement that he was stepping down, Schultz said he ‘will shift his focus to innovation, design and development of Starbucks Reserve® Roasteries around the world, expansion of the Starbucks Reserve® retail store format and the company’s social impact initiatives’ and ‘focus on Starbucks next wave of retail innovation.’
Schultz has always been vocal about the need for greater sensitivity in balancing profit margins while advancing socio-economic conscientiousness.