CEO Howard Schultz’s plans for Starbucks and the country
With nearly 12,000 stores nationwide, “we have a lens on almost every community in America,” Schultz tells Time.
The CEO discusses Starbucks’ (SBUX) reputation as a progressive company thanks to expansive health care plans, employment programs for veterans and the company’s pledge to help cover employees’ education costs. As Time‘s Rana Foroohar writes: “Schultz says he is deeply invested in these ideas not only because making the company a preferred employer helps keep turnover costs lower and service quality higher than the industry average but also because he believes corporations have a duty to help people realize the American Dream.”
Schultz also addresses rumors that he could be harboring political ambitions — a notion the CEO shrugs off for the moment.
For more, read Time’s cover story here.