Howard Schultz to leave Starbucks, may run for president

Coffee chain Starbucks’ executive chairman Howard Schultz announced that he would be retiring at the end of the month fuelling speculation he may enter politics and seek nomination as a Democratic candidate for the 2020 presidential election. Schultz, 64, who is a harsh critic of President Donald Trump, told The New York Times that he is concerned about the standing of a divided country in the world. He said he may seek a role to serve the nation adding that does not mean running for public office. Starbucks said Schultz was looking forward to spending more time with his family and he is planning to write a book about the company’s social impact work. After stepping down as chief executive officer last year, Schultz was in charge of the company’s social impact initiatives. A week back, Starbucks shut all its US stores for four hours for racial bias awareness training to its 175,000 employees. The move came after the arrest of two black clients in April for “trespassing” when they were actually awaiting a friend without ordering anything.