NEW YORK (AP) — Starbucks Corp.'s Howard Schultz is stepping down as executive chairman of the coffee company he helped transform into a global brand, and says public service may be in his future.
Schultz, 64, says he is considering a range of options. He had endorsed Democratic presidential nominee Hillary Clinton before the last presidential election and had sometimes deflected questions about whether he would run for office.
Speculation has swirled for years that Schultz might run for president. While not addressing the question directly, he told The New York Times on Monday that he was considering public service and that "for some time now, I have been deeply concerned about our country — the growing division at home and our standing in the world."
Schultz's move comes after he ceded the day-to-day duties of CEO at Starbucks last year to focus on innovation and social impact projects as executive chairman. As of June 26, Starbucks says Schultz will take the title of chairman emeritus. The Seattle-based chain says he is writing a book about Starbucks' social impact moves and its efforts to redefine the role of a public company.
"Starbucks changed the way millions of people drink coffee, this is true, but we also changed people's lives in communities around the world for the better," Schultz said in a letter to Starbucks employees.
Schultz was known for aligning himself and Starbucks with social issues like race and jobs for underprivileged youth — even when those efforts fell flat, like the "Race Together" campaign that encouraged workers to talk about race with customers.
More recently, as the company tried to restore its reputation after the arrests of two black men at a coffee shop in Philadelphia, Schultz said he didn't want people to feel "less than" if they were refused bathroom access.
Last week, the company closed its U.S. stores for several hours for bias awareness training, one of the measures it promised after the men were arrested as they waited for an associate but hadn't bought anything.
Schultz, who had returned as the company's CEO in 2008, was credited with turning around Starbucks' fortunes. He oversaw the expansion of the chain's food and beverage menu and the growth of its popular loyalty program and mobile app.
In his letter, Schultz also credited the company with "balancing profitability and social conscience, compassion and rigor, and love and responsibility."
Starbucks said Myron E. "Mike" Ullman would be the new chairman of the board upon Schultz's retirement. Shares in Starbucks dropped 1 percent to $56.50 in extended trading after the announcement.
Buying a Christmas tree is a holiday season necessity, but this year shoppers may have trouble finding one. That's because the country is dealing with a Christmas tree shortage causing an increase in prices. News 8's Abbie Alford reports from La Jolla where one business is feeling the impact.
A man who was hitting red light cameras in Encinitas with a baseball bat Saturday attacked a San Diego County sheriff's deputy who tried to stop him, authorities said.
A Clairemont man is sharing his inspirational story of survival and it's nothing short of a miracle.
REDDING, Calif. - Police in California say they will pursue criminal charges against a cleanup worker who posted photos of himself in properties destroyed in a wildfire that some are calling disrespectful.
Don’t let a Grinch steal all the presents before they even get under the tree. Thieves or “porch poachers” or “porch pirates” are making their rounds in neighborhoods hoping to find some amazing packages that have been delivered and left on the porch.
A 30-year-old man riding a scooter in the Gaslamp community of San Diego suffered a "brain bleed" when he rode through a red light and broadsided a Toyota Prius that had the green light, entering into the intersection, a police officer said Sunday.
Another weak storm system will sweep to the north of San Diego county on Monday. Expect a slight chance of light rain, favoring west of the mountains, by Monday night.
Cyclists, lawmakers and community members in the north county came together on Saturday in an effort to make their streets safer.