Shares in Starbucks were sharply down early Wednesday on the news that Starbucks CEO Howard Schultz is stepping aside as CEO. He’ll stay with the company to focus on the high-end coffee market, and COO Kevin Johnson will step into the chief executive role. Howard Schultz has spoken to our show a few times, including a recent conversation about the company’s media pursuits. As CEO, he’s been a fairly vocal leader — sometimes on issues that go way beyond coffee. Now, he’ll help Starbucks battle the competition from the fanciest of fancy boutique coffee shops.
Click the above audio player to hear the full story.