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Former CEO Howard Schiltz steps down from Starbucks' board

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According to the Associated Press, the move was "part of a planned transition."

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Here are a few milestones Starbucks achieved under Schiltz's leadership:

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1. Schultz bought Starbucks in 1987, heading it until 2007, and then again from 2008 to 2017.

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2. Under Schultz, Starbucks became the pioneer of the work-from-cafe culture.

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3. Every domestic outlet is Starbucks-owned because Schultz did not advocate franchising.

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4. He returned from retirement to serve as interim CEO for 11 months until March 2023 when Laxman Narasimhan took over.

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5. Starbucks had a value of $271 million at the time of its initial public offering in 1992, and it went on to double the number of stores and raise around $25 million in the following two years. 

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6. Schultz also considered running for presidential office independently in 2012, 2016, and 2020 but decided against it.

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