Howard Schultz, Former Starbucks CEO, Resigns from Board of Directors

Former Starbucks CEO Howard Schultz is stepping down from the company's board as part of a planned transition. Schultz, who had previously served three stints as CEO, expressed his intention to support the next generation of leaders in his role as chairman emeritus. The change comes after Schultz's efforts to modernize Starbucks and improve relations with baristas, but also faced criticism for his aggressive approach against baristas unionizing. Wei Zhang, a former senior advisor to Alibaba, will take Schultz's seat on the board, potentially aiding Starbucks' Chinese business recovery.