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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
LeadershipHoward Schultz

Trump Rips Howard Schultz After Former Starbucks CEO Says He’s Considering Presidential Run

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
January 28, 2019, 11:41 AM ET
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President Donald Trump scorned Howard Schultz after the former CEO of Starbucks said he’s considering an independent run for president in 2020.

In a Monday morning Tweet, Trump said Schultz “doesn’t have the ‘guts’ to run for President!” and took the opportunity to promote his own work as U.S. commander in chief.

“Watched him on @60Minutes last night and I agree with him that he is not the ‘smartest person.’ Besides, America already has that!,” Trump wrote. “I only hope that Starbucks is still paying me their rent in Trump Tower!”

On Sunday, Schultz said he might run for president as an independent candidate. He was equally critical of both the Democratic and Republican parties and lectured on Trump using social media as a bully pulpit.

“I think, like most people, I’ve become bored with President Trump and his tweets,” Schultz said.

In the same interview, Schultz said he has “a long history of recognizing, I’m not the smartest person in the room.” He explained, as CEO he surrounded himself with smarter people so he could understand situations before making decisions.

Schultz, who is worth an estimated $3.2 billion, according to Bloomberg, has been politically outspoken and a frequent critic of Trump’s presidency.

As a political candidate, however, Schultz could represent a threat to Trump. Schultz, just like Trump, can claim the mantle of political outsider, which is increasingly popular with voters. And he knows how to sway people’s opinions. After all, he is the man who largely convince a country to spend $4 or more on a cup of coffee.

Ironically, a Schultz run could lock in a second term for Trump, say top Democrats. His moderate leanings could split the party, they fear, as Republicans unite behind Trump.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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