Howard Schultz abandons presidential ambitions

By Caitlin Yilek

Published September 6, 2019 12:40pm ET

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Howard Schultz abandons presidential ambitions — Former Starbucks CEO and Chairman Howard Schultz looks out at the audience during the kickoff event of his book promotion tour Monday, Jan. 28, 2019, in New York. Democrats across the political spectrum lashed out at the billionaire businessman on Monday after he teased the prospect of an independent 2020 bid, a move Democrats fear would split their vote and all but ensure President Donald Trump's re-election. | (Kathy Willens/AP)

Former Starbucks CEO Howard Schultz won’t run for president in 2020.

Schultz, who had considered running for the White House as an independent, put his presidential ambitions on hold in June after he had three back surgeries. Schultz, 66, said at the time that he would decide whether to enter the race after Labor Day.

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