Starbucks needs a better leadership plan than Howard Schultz
CNN
On the morning of its annual meeting earlier this month, Starbucks made a surprising announcement. After a five-year break, the coffee chain's founder Howard Schultz will return as CEO in April, filling the position for the third time.
Schultz's first stint as CEO lasted from 1987 to 2000. He left for eight years, then came back in 2008 to help bail the company out during the financial crisis. He served in the role for nearly another decade before handing the reins to Kevin Johnson.
Now Johnson is leaving, and Schultz is back as interim CEO to run the company and help find a permanent replacement, which the company expects to do by the fall. Schultz is also rejoining Starbucks' board of directors.
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