• Mellody Hobson Will Become Starbucks Vice Chair After Howard Schultz Departure

    2 monthes ago - By Fortune

    Mellody Hobson, president of Chicago-based investment firm Ariel Investments, will be moving into a role as Starbucks's vice chair following Executive Chairman Howard Schultz ‘s departure on June 26.
    A Chicago native, Hobson worked her way up after joining Ariel as a college intern in the 1990s, going on to become the company's vice president of marketing, then a senior vice president, and eventually president at the firm. Ariel's holdings include MSG Networks, Northern Institutional Treasury Portfolio, First American Financial Corp., and Kennametal, among others.
    A member of Starbucks'...
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  • How Howard Schultz went from living in Brooklyn public housing to ending his decades of Starbucks leadership as a billionaire with rumored political aspirations

    How Howard Schultz went from living in Brooklyn public housing to ending his decades of Starbucks leadership as a billionaire with rumored political aspirations

    2 monthes ago - By Business Insider

    Howard Schultz , Starbucks ' longtime CEO and chairman, is a self-made billionaire who revolutionized the coffee industry. His net worth has been estimated at $2.8 billion.
    Schultz came from humble beginnings, growing up in public housing in Brooklyn.
    On Monday, Schultz announced he is leaving Starbucks after more than three decades at the company.
    It is thanks to Howard Schultz that Americans today know what a latte is - and that they're willing to drop $4 on a cup of coffee.
    But now, the billionaire and driving force behind Starbucks for roughly three decades has developed aspirations...
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  • Howard Schultz's Legacy: Striking a Balance Between Profit and Social Conscience

    2 monthes ago - By Forbes

    As long as Schultz has been at the helm, Starbucks has either been at the forefront or very close to it on a number of initiatives, from stock options for part-time employees, to LEED-certified stores, to free WiFi, recycled cups and ethically-sourced coffee.
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  • Starbucks investors mourn end of an era as Schultz exits

    2 monthes ago - By Reuters

    Starbucks Corp's shares fell more than 1 percent on Tuesday as the departure of Howard Schultz, the architect of the company's move into a cafe format in the late 1980s, added to a run of worrying headlines for the world's biggest coffee chain.
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  • Howard Schultz retiring after three decades at Starbucks

    Howard Schultz retiring after three decades at Starbucks

    2 monthes ago - By Biz Journals

    Executive Chairman Howard Schultz shared his plans for retirement in a farewell note to employees Monday.
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  • Howard Schultz is Stepping Down at Starbucks

    Howard Schultz is Stepping Down at Starbucks

    2 monthes ago - By Crossing Wall Street

    Howard Schultz said he's stepping down as executive chairman of Starbucks. There's been talk that he might run president.
    I'll skip that topic to focus on the long-term performance of Starbucks. It's been a truly remarkable company. They IPO'd 26 years ago this month at 27 cents per share (that's $17 adjust for six 2-for-1 splits.) Today, it closed at $57.07. Not bad.
    Schultz had two runs as CEO. The first was from 1986 to 2000, then again from 2008 to 2017. He came on after the stock's one terrible stretch.
    Thanks to over-expansion, the stock fell from an intra-day high of $10 per share...
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