Starbucks' former CEO Howard Schultz quits company' board after he was branded a 'distraction' over anti-unionization ranks in Congress, insider claim

Veteran Starbucks boss Howard Schultz is stepping down from the company’s board after 40 years with the coffeehouse, with sources saying he realized he has become a ‘distraction’ for the chain.

Advertisement

Schultz, 70, bought the company from co-founders Jerry Baldwin, Zev Siegl and Gordon Bowker in the early 1980s, a decade after it was launched in Seattle.

But on Wednesday, Starbucks unexpectedly announced that Schultz was stepping down from the board, ending his four-decade rule.

Schultz’s departure is in part due to concerns that his stridently anti-union stance was becoming a ‘distraction’, and the controversy was not helping the brand.

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement