Howard Schultz, the legendary leader of Starbucks coffee, is a billionaire three times over. He's a titan in the corporate world and he has significant sway in the political arena, too. When Schultz talks, Wall Street and Washington D.C. pay attention.
The news that he is stepping down as CEO reverberated through the business world, briefly sending shares of Starbucks stock down as much as 10 percent. Chief Operating Officer Kevin Johnson will become CEO on April 3, 2017; Schultz will focus on turning the company's new line of high-end coffee shops into destination restaurants.