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Howard Schultz is leaving Starbucks

Photo by Stephen Brashear/Getty Images

Starbucks executive chairman and former CEO Howard Schultz plans to leave the company at the end of this month. Per an interview with The New York Times:

“One of the things I want to do in my next chapter is to figure out if there is a role I can play in giving back. I’m not exactly sure what that means yet.”

Why it matters: Schultz has been regularly floated as a possible Democratic Party challenger to President Trump in 2020. When asked about it earlier this year, he demurred but didn't rule it out.