Howard D. Schultz was born on July 19, 1953, and raised in the rough and tumble Bay View housing project in Brooklyn, New York. His mother worked as a receptionist and his father held a variety of jobs, none of which paid much or offered such basic benefits as medical coverage for him and his family. When Schultz was 7, his father lost his job as a diaper-service delivery driver after breaking his ankle. At the time, sick pay or even legally mandated disability assistance were luxuries to those in low-paying jobs, and in the ensuing months, the family was literally too poor to put food on the table. It was a memory that Schultz would carry with him into adulthood. Determined to build a better life for himself, Schultz channeled his energy into
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They have two children: son, Eliahu Jordan and daughter, Addison. In 1982, he joined Starbucks as the Director of Marketing. While on an official trip to Milan, Italy, he noticed that every street had coffee bars that served as meeting places apart from espresso. On his return, he persuaded the owners of Starbucks to launch a pilot café project of serving espresso beverages in addition to the whole bean coffee, leaf teas and spices. The project was successful. The Starbucks owners did not want to get into the restaurant business. Schultz left Starbucks in 1985 to start business on his own. He needed $400,000. Howard decided to meet the owners of Starbucks and went to Seattle. After founding the coffee company Il Giornale in 1987, he purchased Starbucks and became CEO and chairman of the company. In 2000, Schultz publicly announced that he was resigning as Starbucks's CEO. Eight years later, however, he returned to head the company. Today, no one company sells more coffee drinks to more people in more places than Starbucks. By 2012, Starbucks had grown to encompass more than 17,600 stores in 39 countries around the world, and its market capitalization was valued at $35.6 billion. In 2014, Starbucks had more than 21,000 stores worldwide and a market cap of $60 billion. The incredibly popular coffee company reportedly opens two or three new stores every day and attracts around 60 million customers per
They have two children: son, Eliahu Jordan and daughter, Addison. In 1982, he joined Starbucks as the Director of Marketing. While on an official trip to Milan, Italy, he noticed that every street had coffee bars that served as meeting places apart from espresso. On his return, he persuaded the owners of Starbucks to launch a pilot café project of serving espresso beverages in addition to the whole bean coffee, leaf teas and spices. The project was successful. The Starbucks owners did not want to get into the restaurant business. Schultz left Starbucks in 1985 to start business on his own. He needed $400,000. Howard decided to meet the owners of Starbucks and went to Seattle. After founding the coffee company Il Giornale in 1987, he purchased Starbucks and became CEO and chairman of the company. In 2000, Schultz publicly announced that he was resigning as Starbucks's CEO. Eight years later, however, he returned to head the company. Today, no one company sells more coffee drinks to more people in more places than Starbucks. By 2012, Starbucks had grown to encompass more than 17,600 stores in 39 countries around the world, and its market capitalization was valued at $35.6 billion. In 2014, Starbucks had more than 21,000 stores worldwide and a market cap of $60 billion. The incredibly popular coffee company reportedly opens two or three new stores every day and attracts around 60 million customers per