Starbucks departing exec chairman to write book about social-impact work
Departing Starbucks Corp. Executive Chairman Howard Schultz "is looking forward to spending more time with his family this summer and is writing a book about Starbucks social impact work," the company said on the heels of news Schultz will step down as chairman and as member of the company's board of directors on June 26, when he'll be made chairman emeritus. Shares of Starbucks fell more than 2% immediately after the news but pared losses as the late session continued.
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