Starbucks chief Schultz retiring, may run for president

Howard Schultz, who built a small Seattle coffee shop into the global powerhouse Starbucks, announced Monday he was retiring from the company, fueling speculation he may run for president as a Democrat in 2020.Schultz, 64, has been serving as executive chairman of Starbucks since stepping down as chief executive in April.Schultz will leave the company at the end of the month and will take on the title of chairman emeritus, Starbucks said in a statement.