Highlights
- Starbucks CEO’s story begins in 1982 when he enters the premises of the coffeehouse to work.
- As per sources, Starbucks owner Magic Johnson sold 105 Starbucks franchises back to the company in 2010.
- Starbucks retail coffee chain to the sky up till 2029.
- Hmm, the people must be wondering about the giant salary of the Starbucks CEO.
Have You Heard of Starbucks? Of course, you do. Well, not a day passed when people landed in the coffee store to make a trending post the next day. Is it food, soft drink, milkshake, and coffee that do the magic or the tricky chit-chat with friends? Starbucks makes sure the audience has a taste. It might be cost-effective for someone or high on drinks for others. Anyways it is too worth of time for friends or a classic one-time visit for your Instagram story. Starbucks adds the historical flavor in every sense of the time three university friends, Jerry Baldwin, Zev Siegl, and Gordon Bowker founded the coffeehouse in 1971. And the rest is history.
Does Magic Johnson own Starbucks?
Yes, the question bugging a time ago, “Does Magic Johnson own Starbucks?” and “How many stores?”
As per sources, Starbucks owner Magic Johnson sold 105 Starbucks franchises back to the company in 2010. Moreover, the Los Angeles Times states that Johnson was looking to invest in sports after some time. Eventually, the Starbucks store owner also sold his 4.5 percent ownership stake in the Los Angeles Lakers to Dr. Patrick Soon-Shiong. Back in 2020, when Starbucks made a controversial move of not letting employees wear Black Lives Matter clothing or accessories. Reportedly, the company wanted to create a safe and welcoming environment for its customers. However, the story raised ownership questions. Likewise, people fueled twitter with ‘How many Starbucks does Magic Johnson own?’
Who Is Starbucks CEO?
Starbucks CEO’s snap the historical chronology. Interestingly, many times when crisis and retirement happened, Starbucks CEO Howard Schultz took the chief executive role.
Starbucks CEO’s story begins in 1982 when he enters the premises of the coffeehouse to work. Eventually, he leaves the store to open a specialty coffee shop II Giornale. Later on, he merges the coffee shop with Starbucks. And the time when Schultz took the company public in 1992 made it the largest chain network. How did he manage to do so? He certainly uses a $271 million valuation to double their store count in a series of highly publicized coffee wars. After a while, in 2000, Orin Smith succeeded him as the new CEO.
Notably, to make a return as a chief executive officer back in the 2008 financial crisis and make amendments while launching a loyalty program. Following the eventful stay again, in 2022, Starbucks announced that the current CEO, Kevin Johnson, would be retiring and that Howard Schultz would take over until further notice.
Starbucks CEO Salary?
Starbucks CEO Howard Schultz is one of the influential figures. Notably, he stayed as a candidate in the 2012, 2016, and 2020 U.S. presidential elections. He declined to join all three contests. Furthermore, his preferential consideration revolved around as an independent contender. However, Schultz is kind of liberal and declines the three contests. Sooner to say, but that is the astonishing businessmen’s quality to take over the thoughts. Hmm, the people must be wondering about the giant salary of the Starbucks CEO. Luckily, we might put everyone as a CEO on the list, but let’s stick to Howard.
So, What is Howard Schultz’s salary?
From joining Starbucks at the age of 29. Before that attending Northern Michigan University (NMU) from 1971 to 1975. Then he graduates with a B.A. in communications. Nobody thought he would be on the 209th list of the richest people in the US. However, Forbes mentions him in an October 2020 report with an accounting net worth of $4.3 billion.