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Starbucks’ Howard Schultz to step down

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The announcement of his departure promptly sparked speculation that Schultz, who has openly criticized the Trump administration at times, is considering a 2020 presidential bid.

"I’ll be thinking about a range of options for myself, from philanthropy to public service, but I’m a long way from knowing what the future holds," Schultz said in the memo.

He also criticized the Republican tax plan before it was passed, saying that cutting the corporate tax rate from 35 percent to 20 percent would be "a mistake.

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