Bed Bath & Beyond refreshes board as co-founders step down

Bed Bath & Beyond said it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors to refresh its board. Last month, activist investors Legion Partners Asset Management, Macellum Advisors GP, and Ancora Advisors urged Bed Bath & Beyond to replace its entire board and oust Chief Executive Steven Temares. The company said the activist group was invited to parti


Bed Bath & Beyond said it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors to refresh its board. Last month, activist investors Legion Partners Asset Management, Macellum Advisors GP, and Ancora Advisors urged Bed Bath & Beyond to replace its entire board and oust Chief Executive Steven Temares. The company said the activist group was invited to parti
Bed Bath & Beyond refreshes board as co-founders step down Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, step, investors, cofounders, bed, changes, independent, directors, advisors, company, bath, board, activist, refreshes


Bed Bath & Beyond refreshes board as co-founders step down

Bed Bath & Beyond said it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors to refresh its board.

Shares of the New Jersey-based company rose about 2% before the bell.

Last month, activist investors Legion Partners Asset Management, Macellum Advisors GP, and Ancora Advisors urged Bed Bath & Beyond to replace its entire board and oust Chief Executive Steven Temares.

The company said the activist group was invited to participate in the transformation of the board, but it declined.

Following the changes effective May 1, the board will comprise 10 directors, nine of whom are independent and six women, the company said.

Bed Bath & Beyond has struggled to keep pace with changing consumer tastes and shopping habits over the years, with sales growth spiraling down to just 1.1% last year compared with 22% in 2003, when Temares took over as CEO.

“The changes announced today reflect significant shareholder input and underscore our commitment to ensuring we have best-in-class governance,” said Patrick Gaston, who was named an independent chairman.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, step, investors, cofounders, bed, changes, independent, directors, advisors, company, bath, board, activist, refreshes


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Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f


Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f
Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


Turkish central bank needs to be 'fully independent,' IMF's Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now.

One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession.

“Turkey faces a number of challenges, and one of them is that the central bank needs to be fully independent so it can continuously assess and tighten policies as circumstances change in a forward-looking manner,” Poul Thomsen, director of the International Monetary Fund’s Europe department, told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C. over the weekend.

“So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be fully independent in its assessment of monetary policy in addition to a number of other challenges on fiscal policy, and more transparency.”

Turkey’s economy is already in recession, rocked last year after fears over government interference into central bank independence, over-leveraged banks, a large current account deficit and a diplomatic spat with the U.S. triggered investor and capital flight. The lira lost 36 percent of its value against the dollar by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


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The business of college advisors is booming. Here’s how to navigate the consulting process

Helping kids get into college is a big business — and it’s growing fast. The person behind it was William “Rick” Singer, founder of the Edge College & Career Network. Members of the profession swiftly condemned Singer’s actions and pointed out that the charges exemplified the concern parents feel about getting their children into the right college. Part of the reason anxiety is off the charts is the decision-making in colleges has become so opaque,” said Mark Sklarow, CEO of the Independent Educ


Helping kids get into college is a big business — and it’s growing fast. The person behind it was William “Rick” Singer, founder of the Edge College & Career Network. Members of the profession swiftly condemned Singer’s actions and pointed out that the charges exemplified the concern parents feel about getting their children into the right college. Part of the reason anxiety is off the charts is the decision-making in colleges has become so opaque,” said Mark Sklarow, CEO of the Independent Educ
The business of college advisors is booming. Here’s how to navigate the consulting process Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: michelle fox, allen j schaben, los angeles times, getty images, -sara harberson, private college counselor
Keywords: news, cnbc, companies, heres, advisors, consultants, charts, college, parents, including, children, independent, navigate, educational, booming, number, consulting, process, business, profession


The business of college advisors is booming. Here's how to navigate the consulting process

Helping kids get into college is a big business — and it’s growing fast.

The industry gained some unwelcome notoriety early this week when dozens of people — including actresses Felicity Huffman and Lori Loughlin — were arrested in an admissions bribery scheme.

The person behind it was William “Rick” Singer, founder of the Edge College & Career Network. He pleaded guilty to a number of charges, including racketeering, for masterminding the scheme, which included bribing college athletic coaches and having other people take admissions tests for the children of those who hired him.

Members of the profession swiftly condemned Singer’s actions and pointed out that the charges exemplified the concern parents feel about getting their children into the right college.

“We know anxiety is off the charts. Part of the reason anxiety is off the charts is the decision-making in colleges has become so opaque,” said Mark Sklarow, CEO of the Independent Educational Consultants Association. “We see that parents are willing to do just about anything.”

His organization, a nonprofit that represents independent educational consultants, estimates there are about 8,000 people in the profession full-time, as well as thousands more who “dabble” in it.

The IECA has about 2,000 members — double the number from five years ago — who are required to abide by a code of conduct.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: michelle fox, allen j schaben, los angeles times, getty images, -sara harberson, private college counselor
Keywords: news, cnbc, companies, heres, advisors, consultants, charts, college, parents, including, children, independent, navigate, educational, booming, number, consulting, process, business, profession


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Papa John’s founder John Schnatter to resign from board after independent director is named

Papa John’s has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman. The company said it would co-operate with Schnatter to identify a mutually acceptable independent director, who would not be affiliated to hedge fund Starboard Value or Schnatter. Early last month, Papa John’s snubbed Schnatter and accepted an investment of up to $250 million from Starboard in retur


Papa John’s has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman. The company said it would co-operate with Schnatter to identify a mutually acceptable independent director, who would not be affiliated to hedge fund Starboard Value or Schnatter. Early last month, Papa John’s snubbed Schnatter and accepted an investment of up to $250 million from Starboard in retur
Papa John’s founder John Schnatter to resign from board after independent director is named Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: jb lacroix, wireimage, getty images
Keywords: news, cnbc, companies, hedge, johns, resign, board, agreement, prejudice, schnatter, company, founder, papa, director, john, independent, named, starboard


Papa John's founder John Schnatter to resign from board after independent director is named

Papa John’s has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman.

The company said it would co-operate with Schnatter to identify a mutually acceptable independent director, who would not be affiliated to hedge fund Starboard Value or Schnatter.

Early last month, Papa John’s snubbed Schnatter and accepted an investment of up to $250 million from Starboard in return for a nearly 10 percent stake, while naming the hedge fund’s Chief Executive Officer Jeffrey Smith as its chairman.

Schnatter, who owns about 30 percent of the company’s share, would resign from the board, if the independent director is appointed before the 2019 annual stockholder meeting, Papa John’s said.

Meanwhile, Schnatter has agreed to dismiss two lawsuits: one against the company in the Delaware Chancery Court without prejudice and one in Jefferson County, Kentucky, related to a sublease agreement with prejudice, the company said.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: jb lacroix, wireimage, getty images
Keywords: news, cnbc, companies, hedge, johns, resign, board, agreement, prejudice, schnatter, company, founder, papa, director, john, independent, named, starboard


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Discussing the UK Parliament’s new independent group

Discussing the UK Parliament’s new independent group4 Hours AgoThree U.K. lawmakers quit the Conservative Party and joined a recently-formed independent group in Parliament. Fariborz Moshirian of the UNSW Business School weighs in on the impact of this development.


Discussing the UK Parliament’s new independent group4 Hours AgoThree U.K. lawmakers quit the Conservative Party and joined a recently-formed independent group in Parliament. Fariborz Moshirian of the UNSW Business School weighs in on the impact of this development.
Discussing the UK Parliament’s new independent group Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22
Keywords: news, cnbc, companies, parliament, uk, school, discussing, independent, group, parliaments, weighs, quit, unsw, party, recentlyformed


Discussing the UK Parliament's new independent group

Discussing the UK Parliament’s new independent group

4 Hours Ago

Three U.K. lawmakers quit the Conservative Party and joined a recently-formed independent group in Parliament. Fariborz Moshirian of the UNSW Business School weighs in on the impact of this development.


Company: cnbc, Activity: cnbc, Date: 2019-02-22
Keywords: news, cnbc, companies, parliament, uk, school, discussing, independent, group, parliaments, weighs, quit, unsw, party, recentlyformed


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Bernie Sanders is running for president — and his policies would have a huge impact on business

Sen. Bernie Sanders is running for president again — and his ideas are no less sweeping than the last time he ran. The independent senator from Vermont launched his 2020 presidential campaign Tuesday. The self-described democratic socialist, 77, enters a crowded Democratic primary field that largely shares his views on key policies. Since his long-shot 2016 presidential bid, Sanders has been a leading ideological voice in the Democratic Party, despite his independent status in the Senate. Out of


Sen. Bernie Sanders is running for president again — and his ideas are no less sweeping than the last time he ran. The independent senator from Vermont launched his 2020 presidential campaign Tuesday. The self-described democratic socialist, 77, enters a crowded Democratic primary field that largely shares his views on key policies. Since his long-shot 2016 presidential bid, Sanders has been a leading ideological voice in the Democratic Party, despite his independent status in the Senate. Out of
Bernie Sanders is running for president — and his policies would have a huge impact on business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: jacob pramuk
Keywords: news, cnbc, companies, party, mainstream, democratic, huge, presidential, sanders, ideas, independent, president, business, bernie, impact, key, running, policies, senator


Bernie Sanders is running for president — and his policies would have a huge impact on business

Sen. Bernie Sanders is running for president again — and his ideas are no less sweeping than the last time he ran.

The independent senator from Vermont launched his 2020 presidential campaign Tuesday. The self-described democratic socialist, 77, enters a crowded Democratic primary field that largely shares his views on key policies.

Since his long-shot 2016 presidential bid, Sanders has been a leading ideological voice in the Democratic Party, despite his independent status in the Senate. His broadsides against corporations and business titans reflect a wider shift toward populism in the party. Out of all the Democratic candidates, Sanders would bring perhaps the most drastic changes for businesses and wealthy Americans.

Here’s where Sanders stands on key issues and companies:

His top policy goals — Medicare for All, free public college and a $15 per hour minimum wage — have become more mainstream in the Democratic Party, even if the party’s congressional leadership have not embraced all of those plans. Sanders acknowledged as much in a CBS interview that aired Tuesday morning.

“All of those ideas people were saying, ‘Oh Bernie, they’re so radical. They are extreme. The American people just won’t accept those ideas.’ Well, you know what’s happened in over three years? All of those ideas and many more are now part of the political mainstream,” the senator said.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: jacob pramuk
Keywords: news, cnbc, companies, party, mainstream, democratic, huge, presidential, sanders, ideas, independent, president, business, bernie, impact, key, running, policies, senator


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Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. After months of strong criticism, Fed Chair Jerome Powell


Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. After months of strong criticism, Fed Chair Jerome Powell
Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: yun li, scott mlyn
Keywords: news, cnbc, companies, president, confidence, janet, remain, yellen, important, strong, fed, richard, powell, months, central, worries, independent, comments, trump, public, hurt


Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump.

“It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday.

“It’s important for the public and for market participants to understand that the actions that the Fed takes are truly in response to its congressional mandate of maximum employment and price stability. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. It’s important for the sake of the Fed’s credibility and the confidence in the institution,” Yellen added.

Trump has repeatedly criticized the central bank for slowing the economy, even saying the Fed has “gone crazy” by continuing to raise interest rates. After months of strong criticism, Fed Chair Jerome Powell and Trump finally had their first official meeting.

The two sat down at dinner together on Monday for about an hour and a half, with Fed Vice Chairman Richard Clarida and Treasury Secretary Steven Mnuchin also in attendance. Mnuchin described the dinner as “very casual” and said the Fed chief gave the president an overview of the economy.

Yellen served as the central bank’s chief from 2014 to 2018. Powell succeeded her in February last year.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: yun li, scott mlyn
Keywords: news, cnbc, companies, president, confidence, janet, remain, yellen, important, strong, fed, richard, powell, months, central, worries, independent, comments, trump, public, hurt


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Democratic super PAC unleashes wave of opposition research against Howard Schultz

“The country deserves to know the truth about Howard Schultz’s real record,” Andrew Bates, a spokesman for American Bridge, told CNBC. Schultz can’t win the presidency – all he can do is ensure that Donald Trump stays in the White House for another disastrous 4 years.” A spokesman for Schultz, Tucker Warren, said the super PAC’s attacks serve as proof for the former coffee CEO’s criticism of the two-party system. The spokesman also provided an outline of the extensive benefits Starbucks employee


“The country deserves to know the truth about Howard Schultz’s real record,” Andrew Bates, a spokesman for American Bridge, told CNBC. Schultz can’t win the presidency – all he can do is ensure that Donald Trump stays in the White House for another disastrous 4 years.” A spokesman for Schultz, Tucker Warren, said the super PAC’s attacks serve as proof for the former coffee CEO’s criticism of the two-party system. The spokesman also provided an outline of the extensive benefits Starbucks employee
Democratic super PAC unleashes wave of opposition research against Howard Schultz Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: brian schwartz, getty images
Keywords: news, cnbc, companies, democratic, run, unleashes, independent, spokesman, state, trump, starbucks, settlement, research, opposition, schultz, president, howard, wave, super, pac, told


Democratic super PAC unleashes wave of opposition research against Howard Schultz

While some of these settlements noted by the super PAC did not take place when Schultz was either CEO or chairman, the group is clearly trying to convince voters that under his leadership, Starbucks took advantage of employees. The messaging campaign comes as Democratic leaders and donors have slammed Schultz for even considering running as an independent because, they argue, it will split the vote in 2020 and give President Donald Trump a second term.

“The country deserves to know the truth about Howard Schultz’s real record,” Andrew Bates, a spokesman for American Bridge, told CNBC. “The last thing the American people are hungry for is another arrogant billionaire who takes advantage of anyone he can, just like the man currently sitting in the Oval Office. Schultz can’t win the presidency – all he can do is ensure that Donald Trump stays in the White House for another disastrous 4 years.”

A spokesman for Schultz, Tucker Warren, said the super PAC’s attacks serve as proof for the former coffee CEO’s criticism of the two-party system.

“This attack is a perfect illustration of how broken the system is and how the Washington attack machine has corrupted our politics,” Warren said. “The small group of individuals who fund this effort should spend their energy advancing their ideas, not just tearing people down.”

Meanwhile, a spokesman for Starbucks referred CNBC to a memo sent by current CEO Kevin Johnson to employees last week and highlighted part of the message that emphasizes the company does not take part in political campaigns.

“As a company, we don’t get involved in national political campaigns. And nothing changes for Starbucks,” Johnson said. “As we have for the past 48 years since Starbucks was founded, we will continue to live Our Mission and Values and create a great Starbucks customer experience in each of our stores. … And as Starbucks partners, we have a responsibility to always recognize and respect the diversity of perspectives of all customers and partners on these topics.”

The spokesman also provided an outline of the extensive benefits Starbucks employees receive and their diverse hiring practices.

The PAC’s research lists a suit filed in California Superior Court in 2001, when a Starbucks employee claimed they were not paid sufficient overtime expenses that were owed to them based on state law. In April 2002, Starbucks settled the case and a similar class-action lawsuit for $18 million.

“Given the unique aspects of California wage and hour laws, which differ significantly from federal and other state laws, we believe this settlement was the best solution for all parties involved,” Jennifer O’Connor, Starbucks’s legal counsel at the time of the agreement, said in a press release.

Another settlement the PAC focuses on took place in Massachusetts, where a former barista claimed the coffee chain broke state law by forcing him to share tips with his direct supervisors. The former employee, Hernan Matamoros, and at least three other former baristas, won a settlement of $23.5 million in 2013 after a five-year court battle. The payout, according to the court filing at the time, compensated “all baristas who worked at Starbucks from the beginning of the class period, March 2005, until January 2013.”

Schultz, who said he is no longer a Democrat, sent shockwaves through the Democratic Party when he told CBS’ “60 Minutes,” in an interview aired last week, that he was seriously considering an independent campaign for president in 2020.

Top Democratic donors in New York ripped Schultz for looking to run as an independent and megadonor Haim Saban told CNBC that he believes the former coffee chain executive should run as a Democrat instead. Billionaire and former New York City Mayor Mike Bloomberg, who may run as a Democrat for president in 2020 and in the past has considered an independent bid, appeared to warn his fellow billionaire that an independent run would split the ticket, giving an advantage to Trump. He did not specifically name the former Starbucks executive in his statement.

Still, there are others who argue that Democrats are overplaying their hand with their attacks on Schultz and that it’s too early to say what impact an independent run may have on the 2020 election.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: brian schwartz, getty images
Keywords: news, cnbc, companies, democratic, run, unleashes, independent, spokesman, state, trump, starbucks, settlement, research, opposition, schultz, president, howard, wave, super, pac, told


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Ex-Starbucks boss Howard Schultz’s presidential roll-out went badly

Former Starbucks chief Howard Schultz touted his background as a poor kid from Brooklyn during the rollout this week of his potential independent presidential run — but the billionaire’s overall performance got a big Bronx cheer from political analysts. “Long and short: The rollout has been good in the sense that he has been introduced to millions of people who have never heard of him,” Sabato said. “But the downside of his rollout is that millions almost immediately took a strong dislike to him


Former Starbucks chief Howard Schultz touted his background as a poor kid from Brooklyn during the rollout this week of his potential independent presidential run — but the billionaire’s overall performance got a big Bronx cheer from political analysts. “Long and short: The rollout has been good in the sense that he has been introduced to millions of people who have never heard of him,” Sabato said. “But the downside of his rollout is that millions almost immediately took a strong dislike to him
Ex-Starbucks boss Howard Schultz’s presidential roll-out went badly Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: dan mangan, justin solomon
Keywords: news, cnbc, companies, schultzs, exstarbucks, howard, president, political, week, sabato, potential, badly, boss, rollout, independent, schultz, series, went, trump, presidential


Ex-Starbucks boss Howard Schultz's presidential roll-out went badly

Former Starbucks chief Howard Schultz touted his background as a poor kid from Brooklyn during the rollout this week of his potential independent presidential run — but the billionaire’s overall performance got a big Bronx cheer from political analysts.

Larry Sabato, the long-time University of Virginia political science guru, burst out laughing — at some length — when CNBC asked him to evaluate how Schultz did in introducing himself to the American public as the nation’s next potential president during a whirlwind series of media interviews.

“I’m sorry,” Sabato said, as he continued chuckling.

“Long and short: The rollout has been good in the sense that he has been introduced to millions of people who have never heard of him,” Sabato said. “I had to learn how to spell his name.”

“But the downside of his rollout is that millions almost immediately took a strong dislike to him for different reasons, something that apparently Schultz and his high-paid consultants aren’t noticing,” Sabato added.

Those consultants include Republican strategist and former MSNBC commentator Steve Schmidt and Bill Burton, a former advisor to President Barack Obama.

“The truth is the guy has announced for president, gotten enormous amount of coverage, and doesn’t appear to have support from anybody,” Sabato said.

Sabato and others said Schultz — who already was facing long odds of winning by saying that if he runs for the White House in 2020 it will be as an independent — hurt his chances during the week even further with a series of unforced errors. The former giant coffee chain CEO also opportunities left on the table, they said.

Analysts interviewed by CNBC cited the fierce backlash Schultz sparked by committing to running as independent, leading many Democrats to blast him for risking throwing the election to President Donald Trump by siphoning off enough would-be Democratic votes.

A day after announcing his potential bid Sunday, at a New York City event to launch his book, “From the Ground Up,” Schultz was met with a heckler who shouted, “Don’t help elect Trump, you egotistical, billionaire a—–!” The incident was widely shared on social media.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: dan mangan, justin solomon
Keywords: news, cnbc, companies, schultzs, exstarbucks, howard, president, political, week, sabato, potential, badly, boss, rollout, independent, schultz, series, went, trump, presidential


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Howard Schultz says his presidential run won’t boost Trump

Protester to Howard Schultz: If you run for president, you will help Trump win 5 Hours Ago | 03:02″If I decide to run for president as an independent, I will believe and have the conviction and the courage to believe I can win,” Schultz said. But I certainly am not going to do anything to put Donald Trump back in the Oval Office.” That is truer today than ever before,” Bloomberg said in a statement that did not mention Schultz by name. That’s a risk I refused to run in 2016 and we can’t afford t


Protester to Howard Schultz: If you run for president, you will help Trump win 5 Hours Ago | 03:02″If I decide to run for president as an independent, I will believe and have the conviction and the courage to believe I can win,” Schultz said. But I certainly am not going to do anything to put Donald Trump back in the Oval Office.” That is truer today than ever before,” Bloomberg said in a statement that did not mention Schultz by name. That’s a risk I refused to run in 2016 and we can’t afford t
Howard Schultz says his presidential run won’t boost Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: tucker higgins, justin solomon
Keywords: news, cnbc, companies, win, presidential, president, wont, howard, trump, boost, dont, schultz, today, bloomberg, independent, statement, run


Howard Schultz says his presidential run won't boost Trump

Protester to Howard Schultz: If you run for president, you will help Trump win 5 Hours Ago | 03:02

“If I decide to run for president as an independent, I will believe and have the conviction and the courage to believe I can win,” Schultz said. “I can’t answer that question today. But I certainly am not going to do anything to put Donald Trump back in the Oval Office.”

Schultz faced a battering earlier in the day from top Democrats and political strategists, who criticized the billionaire for pursuing a long-shot campaign that some described as a vanity project.

A lifelong Democrat, Schultz said on Monday that he no longer identifies with the party because he sees it moving too far to the left on issues including government spending and health care.

One high-profile, if indirect, criticism came from Michael Bloomberg, the former mayor of New York, who has belonged to both the Republican and Democratic parties and has been floated as a possible presidential contender in 2020.

“Given the strong pull of partisanship and the realities of the electoral college system, there is no way an independent can win. That is truer today than ever before,” Bloomberg said in a statement that did not mention Schultz by name.

“In 2020, the great likelihood is that an independent would just split the anti-Trump vote and end up re-electing the President. That’s a risk I refused to run in 2016 and we can’t afford to run it now,” the statement said.

Schultz said that he had “tremendous respect” for Bloomberg, “but I don’t agree with his conclusion.”

“Most people don’t realize that about 42 percent of the electorate affiliate themselves as an independent,” Schultz said. He said that his own analysis was based on “facts, not things that are made up.”


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: tucker higgins, justin solomon
Keywords: news, cnbc, companies, win, presidential, president, wont, howard, trump, boost, dont, schultz, today, bloomberg, independent, statement, run


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