Starbucks Executive Chairman Howard Schultz Announces Plans to Leave Company

Schultz's last day will be June 26

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Howard Schultz is leaving Starbucks at the end of the month.

“I set out to build a company that my father, a blue-collar worker and World War II veteran, never had a chance to work for,” Schultz said in a letter to current and former Starbucks partners. “Together we’ve done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility.”

Following Schultz’s retirement, former chairman and CEO of J.C. Penney Myron E.

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