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Howard Schultz stepping down as Starbucks CEO

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Starbucks Chairman and CEO Howard Schultz said Thursday that he would be stepping down from the CEO post and handing the keys over to Kevin Johnson, the current president and COO of Starbucks.

The announcement surprised investors and caused the stock to tumble more than 10 percent. Starbucks shares have since recovered and are trading down 3.6 percent after-hours. – READ MORE

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