Kevin R. Johnson (born October 9, 1960) is an American businessman and software engineer who was the president and chief executive officer (CEO) of Starbucks Coffee Company from 2017 to 2022. The most active insiders traders include Howard D Schultz, Sheryl Sandberg, and Gregory B Maffei. No one gave it to me," Schultz said. Howard Schultz returning as interim boss", "Why Schultz tuned out and sold out the Sonics", "Seattle Super Bowl Scores Points for Paul Allen, Sacks Howard Schultz", "Howard Schultz plans to sue Clay Bennett to get Sonics back", "Want to Learn Business Skills From Howard Schultz or Writing From Malcolm Gladwell? In the new millennium, Schultz worked to significantly expand the global market reach of Starbucks, with the company opening numerous stores in China. Top editors give you the stories you want delivered right to your inbox each weekday. He is worth $3.7 billion, per Forbes as of Wednesday. "[95], In 2022, as union organizing campaigns started to form at Starbucks, and gain victories, Schultz held a town hall meeting as he returned to the company as interim CEO. [102][159] However, Schultz "batted down" these reports days later and confirmed that he was not running for political office. [59] In a local newspaper poll, Schultz was judged "most responsible" for the team leaving the city. [4][5] On March 20, 2023, Schultz announced that he would be stepping down early from the position. [171] He was reportedly willing to spend $300 to $500 million on the 2020 election. [118] On April 21, he called for the federal government to institute a "Marshall Plan" for small business, in the form of federally-backed loans. On March 16, 2022, Starbucks announced that CEO Kevin Johnson was retiring, and that Howard Schultz would take over as interim CEO until Laxman Narasimhan took over as CEO in April 2023. Schultz left Starbucks in 1985 to open a store of his own. "[111], Throughout the 2018 start and continuation of the U.S. trade war against China, Schultz has been critical of its motivations and handling, and has called for a reduction of trade tariffs and other import-export taxes. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, effective April 4, 2022, the statement read. [188] As of July 2022, Schultz's net worth is US$3.9 billion. [76] His book received 1.9/5 stars on Amazon, after some Democratic voters gave negative reviews, due his possible candidacy splitting the Democratic vote. His next book was 2011's "Onward: How Starbucks Fought for its Life Without Losing its Soul," co-written by Joanne Gordon. [90] According to OpenSecrets, an organization that tracks money donated to politicians, and political parties, Schultz donated to Barack Obama's 2008 presidential campaign twice, once on June 30, 2007, for $2,300, and again on October 24, 2008, for $2,300. Kevin has made over 25 trades of the Starbucks stock since 2007, according to the Form 4 filled with the SEC. In 2018, he stepped down from a company he joined in 1982. [34] Throughout the late-2000s and early-2010s, Schultz directed the company to plan one to two store openings a day in mainland China. [3] Schultz started the Schultz Family Foundation to help military veterans and fight youth unemployment. Schultz's net worth is about $4 billion. It has around 30,000 stores or more. [170] On January 27, 2019, he stated in an interview with 60 Minutes that he was exploring a run for president as an independent candidate, and that he considered running as a centrist. If they had faith in me and my motives, they wouldn't need a union. He has publicly considered running for US president as a Democrat or independent in 2012, 2016, and 2020. I came from nothing. [133], In 2015, Schultz founded Onward Veterans, a private foundation to help post-9/11 military veterans transition to civilian life. Compare SBUX With Other Stocks [150] Generally, he is a supporter of neoliberal institutionalism and international cooperation. As of March 2023, Starbucks' net worth is estimated to be a whopping $110 billion. [35] On June 4, 2018, Schultz announced that he would retire from active management of Starbucks, after 37 years, as he was considering amongst other options a campaign for U.S. [69] All sale proceeds from the book were donated to the Starbucks Foundation, the firm's main charity. The 'silent majority' doesn't really exist", "Howard Schultz: The $21 trillion national debt is the 'greatest threat domestically to the country', "Budding independent Howard Schultz aims most of his ire at Democrats", "Howard Schultz: The US can't isolate itself from the rest of the world", "Tim Adams meets Howard Schultz, founder of Starbucks", "Howard Schultz slams the 'vilification' of successful people in business as 'left-leaning' Democratic presidential hopefuls enter the 2020 race", "Howard Schultz warns 30% of small businesses at risk of closing for good without more help", "Howard Schultz: New small biz stimulus money 'should have a T in front of it', "Howard Schultz urges government to save small restaurants with a financial 'bridge to a vaccine', "Schultz defends criticism of Medicare-for-all proposal", "Starbucks CEO holds his ground on gay marriage", "Starbucks CEO Howard Schultz's grande support for gay marriage", "Howard Schultz: Exploring A Presidential Run", "This Is What Starbucks Employees Really Get Paid", "Howard Schultz: Kamala Harris Talking About Abolishing Insurance Industry Is "Not American", "Howard Schultz's Health-Care Policies Don't Make Sense", "Starbucks CEO Howard Schultz Tells Customers To Leave Guns At Home", "Starbucks to customers: Please don't bring your guns! [3] His exploration of running for political office has prompted calls for him to sell all of his stock holdings in Starbucks to appease any conflict of interest. [92], Howard Schultz has been taking anti-union actions at Starbucks since the late 1980s. [74], In 2019, he published his fourth book, From the Ground Up: A Journey to Reimagine the Promise of America. Schultz began working at Starbucks in 1982. Succeeding Howard Schultz as CEO, Johnson previously served as the company's president and chief operating officer from 2015 to 2017. [139] Schultz's tentative 2020 presidential candidacy was endorsed by former U.S. Army General Peter W. He became their Director of Marketing. [161] Maureen Dowd, of The New York Times, broke a story on August 1 that friends of "America's lord of latte, Howard Schultz, have been pressing him to join the Democratic primary. Howard M. Schultz (2) FORTUNE", "Starbucks Chairman and CEO Howard Schultz to speak at ASU commencement", "The Moment is Now: NAACP legal 31st Annual National Equal Justice Awards", How I Built This Live Episode! [193] In 1999 AIDs Action awarded Schultz the National Leadership Award for philanthropic and educational efforts to battle AIDS. [31][32] He was succeeded by Orin Smith, who worked with Schultz as his chief financial officer during the 1990s. Howard Schultz is best known for serving as the CEO of the. [110][112][113], In 2008, Schultz doubled the amount of fair trade coffee Starbucks bought. [131] Within 24 hours of the executive order, Schultz wrote to his employees that recent immigrants and refugees, particularly those with strong ties to the U.S. military, would be fast-tracked to employment. He suggested that they take their coffee company in the same direction as the coffee shops of Italy, but they were not interested in creating a "caf-like" culture. During his ownership of the former team, Schultz was widely criticized for running the franchise more like a business than a team. The first person in his family to graduate from college, Schultz attended Northern Michigan University on a football scholarship. Howard Schultz grew up in an extremely poor family, Starbucks' Howard Schultz Steps Down, Fuels Presidential Campaign Rumors, Rags To Multi-Billionaire Starbucks CEO Howard Schultz Steps Down To Focus On Philanthropy And Social Causes, Raised Dirt Poor In A NYC Housing Project Today Starbucks Tycoon Howard Schultz Is A Multi-Billionaire. [169] He hired Steve Schmidt and Bill Burton, two political consultants, to assess his candidacy. Indian-American businessman Laxman Narasimhan succeeded Schultz as CEO earlier in March, per CNBC. His first, "Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time," was co-written by Dori Jones Yang and published in 1997. According to Securities and. [127][128], Schultz supports gun control and universal background checks. Mr. Johnson SBUX stock SEC Form 4 insiders trading "[178] The eventual progression of centrist candidate Joe Biden as the presumptive nominee motivated Schultz to step aside due to their overlapping political ideologies. Through his VC firm Maveron Capital, Schultz invests in other consumer businesses such as Groupon, Madison Reed, Allbirds and Lucy. [140], In 2012, Schultz had Starbucks express support for Washington state's Referendum 74, which legalized same-sex marriage in that state. Schultz maintained during the Senate hearing that, in his opinion, Starbucks has never broken labor laws and that working at the coffee chain is "the best first job in America. [179][180] While he had not officially endorsed Biden for the presidency at the time, Schultz had stated in interviews that he "admires" the candidate. According to Celebrity Net Worth, Magic Johnson's net worth is a whopping $600 million as of 2022. [102] During his exploratory 2020 presidential campaign, Schultz explained to multiple media outlets that, if elected, he wished to exclusively legislate with bipartisan support. In addition, he makes $19,242,000 as President, Chief Executive Officer, and Director at Starbucks. By 1986, he had enough funding to open his first store, called Il Giornale. [23] The store offered ice cream in addition to coffee, had little seating, and played opera music in the background. Remaining in Michigan after graduating from college, Schultz took a job at a ski lodge for a year. Consequently, Schultz left Starbucks in 1985 to open his own store, which soon received $150,000 in investment money from Starbucks and $100,000 from local doctor Ron Margolis. According to Fortune, he was positioned to be a "worthy party back-up to [Hillary] Clinton. In a piece published by Reuters, the news organization noted Schultz's overall vision on unions, and their place at Starbucks. He is credited as Starbucks founder despite the company being founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattles Pike Place Market. Starbucks executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. At the age of 29 in 1982, Schultz was hired by Starbucks as the director of marketing and retail operations. Howard D. Schultz (born July 19, 1953) [2] is an American businessman and author who served as the chairman and chief executive officer of Starbucks from 1986 to 2000, from 2008 to 2017, and as interim CEO from 2022 to 2023. [49] Schultz would return to the role of CEO in an interim position following Johnson departing the position in March 2022. Schultz began working at Starbucks in 1982. 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