Stepping Down | Pixr8 News

CEO of Starbucks Howard Schultz is Stepping Down

5Jun By AdityaNo Comments

News

CEO of Starbucks Howard Schultz is Stepping Down

The Starbucks Corporation informed media that the CEO of Starbucks Howard Schultz is stepping down this month. Myron E. "Mike" Ullman would be the new chairman upon Schultz's retirement. Howard Schultz joined coffee chain group 30 years ago. He oversaw the transformation of Starbucks into a global chain with more than 28,000 locations. He is now focused on innovation and social impact projects and also writing a book about Starbucks' social impact efforts. "Starbucks changed the way millions of people drink coffee, this is true, but we also changed people's lives in communities around the world for the better," Schultz said in a letter to Starbucks employees. Schultz said he was considering "a range of options for myself, from philanthropy to public service," but wasn't sure wh...

The Dark Truth Behind Whatsapp Founders Leaving Facebook

Yesterday we published a breaking news stating that billionaire and chief executive of Whatsapp, Jan Koum, was planning to leave the parent company, Facebook. Whatsapp’s Last Remaining Co-Founder Exits Facebook. While the departure seemed friendly between the Chief Executive of Whatsapp, Jan Koum, and Chief Executive of Facebook, Mark Zuckerberg but the departure motives suggest otherwise. According to several US media reports, the decision to leave his high position in the ranks of Facebook and its board of directors as well was motivated by disagreements about the company’s future. Reports suggest that Koum disagreed with the social media giant’s plan to weaken the messaging app’s encryption and strategy to use specific user information to earn money from Whatsapp. ...

Whatsapp’s Last Remaining Co-Founder Exits Facebook

Jan Koum, the co-founder of social messaging app Whatsapp announced that he was leaving Facebook, which acquired the messaging service in 2014 for $19 billion. Koum announced his decision to leave the ranks of Facebook to the public on his Facebook page, citing that he will now focus on his passions off work such as collecting air-cooled Porsches, working on cars and playing ultimate Frisbee. According to several US media outlets, the departure is mostly due to disagreements with Whatsapp’s parent company, Facebook, over the use of users’ information on the messaging service app. Indeed, reports suggest that Facebook is looking for ways to use private user information to raise income from its daughter company in ad-targeting strategies similar to those employed on Facebook and Instag...