Starbucks CEO Howard Schultz is back on the Forbes World's Billionaires list after a five-year absence. Last March, Starbucks generated investor excitement when it finalized a partnership with Green Mountain Coffee Roasters to sell single-serve coffee. Investors also like a joint venture with India's Tata Coffee Ltd. that was cemented in January. Starbucks has signaled its intentions to move into China and the juice business. The company paid $30 million for Evolution Fresh, a small maker of premium juices, in November. The son of blue-collar parents, Schultz was raised in housing projects in Brooklyn, and went to study and play football at Northern Michigan U. He later moved back to New York to sell pots and pans for a Swedish housewares maker before landing a marketing gig at a small coffee bean store called Starbucks. He traveled to Italy and was inspired to open an espresso bar in the U.S. His Starbucks bosses said no, so he started a rival store in 1985, making his java with Starbucks? beans. He bought Starbucks from his bosses two years later for $3.8 million and took it public in 1992. Schultz returned to the company's helm in 2008 after an eight-year break as chairman and turned around the struggling company. A co-founder of venture capital firm Maveron, Schultz is also an investor in consumer businesses such as Pinkberry frozen yogurt, Lucy activewear, eBay and Groupon. He's politically active and has urged fellow business leaders to withhold campaign donations until a bipartisan agreement can be reached on the deficit plan. [...] more
Wu Cheng Hsueh, Chairman, Gourmet Master They’re both in the same business but the style of the two bosses couldn’t be more different. Starbucks CEO Howard Schultz pours out his feelings and life in books like “Pour Your Heart Into It” and “Onward.” The chairman of Taiwan’s Gourmet Master, the company behind [...] [...] more>>
The other night I watched an all-too-brief but still worthwhile CNBC interview with Starbucks (SBUX) Chairman and CEO Howard Schultz. Schultz discussed the decision to keep more of the company's business in the United States, focusing on Starbucks' Create Jobs for USA Fund. For instance, Starbucks contracted with a tiny ceramics [...] [...] more>>
It wasn't pretty, but Oklahoma City loves the team more than Seattle ever did. [...] more>>
Shares in Yum Brands tumbled on fears that the Chinese slowdown will take a big hit on the company's sales. It's not an isolated phenomenon, though, as Starbucks has also seen declines, along with McDonald's and even Caterpillar. [...] more>>
The following post was published on the Knowledge@Wharton website on June 06, 2012. In Rwanda, even ballpoint pens hold emotional lessons. John Fox remembers the moment a traveling companion handed one to a child on a trek back from a gorilla refuge in Virunga National Park. The child ran off into [...] [...] more>>
The failures of big Wall Street financial institutions stand in stark contrast to the successes of companies like McDonald's and Apple, and should be a reminder to investors about the true meaning and power of capitalism. [...] more>>
Lack of detail on revenue benefits, cost of deal leave analysts questioning $100 acquisition. [...] more>>
| Salary | $1,382,692 |
| Bonus | $0 |
| Restricted stock awards | $5,500,880 |
| All other compensation | $235,294 |
| Option awards | $5,978,614 |
| Non-equity incentive plan compensation | $2,982,000 |
| Change in pension value and nonqualified deferred compensation earnings | $0 |
| Total Compensation | $16,079,480 |
| Number of securities underlying options unexercisable | 525,466 |
| Shares acquired on exercise | 1,430,000 |
| Number of shares owned | 17,620,456 |
| Stock awards | -$24,177 |
| Total Compensation | -$24,177 |
| Number of shares owned | 111,138 |
