Former Starbucks CEO Howard Schultz Says He Won't Run for President

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Former Starbucks CEO Howard Schultz Says He Won't Run for President
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Former Starbucks CEO Howard Schultz has abandoned his potential independent bid for president

WASHINGTON—, citing fears among the public that such a candidacy might lead to the re-election of a “uniquely dangerous” president.

The billionaire writes in a letter to supporters Friday that he still intends to devote his fortune to fixing the nation’s “broken” political system. But he warned that if he moved forward with his campaign, “there is a risk that my name would appear on ballots even if a moderate Democrat wins the nomination,...

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