Howard Schultz, who built a small Seattle coffee shop into the global powerhouse Starbucks, announced Monday that he was retiring from the company after nearly 40 years.
Schultz, who as chief executive and then chairman carved a reputation of being responsive to social and environmental issues as he installed nearly 28,000 Starbucks outlets worldwide, said he will remain with the company as chairman emeritus.
“We did it together, by balancing profitability and social conscience,” he said in a statement. DM
Support DAILY MAVERICK & get FREE UBER vouchers every month
An increasingly rare commodity, quality independent journalism costs money, though not nearly as much as its absence can cost global community. No country can live and prosper without truth - that's why it matters.
Every Daily Maverick article and every Scorpio exposé is proof of our dedication to this unshakeable mission. Investing in our news media is by far the most effective investment into South Africa's future.
You can support Independent and Investigative journalism by joining Maverick Insider. If you contribute R150 or more per month you will receive R100 back in UBER vouchers. EVERY MONTH until October 2019.
So, if you'd like to help and do something meaningful for yourself and your country, then sign up to become a Maverick Insider. Together we can Defend Truth.
Google is valued higher than Russia's entire stock market.