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Starbucks Corp said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a long-time technology executive. "Howard can't be in that position forever," Morningstar analyst R.J. Hottovy told Reuters. Johnson worked with Schultz for nearly two years and has been on Starbucks' board since 2009.
As a candidate, Donald Trump tore up the political rule book. As the president-elect, the Republican billionaire, who was back at work building his cabinet Friday, is showing no signs of tempering his unconventional style. On the heels of his first "thank you" rally in Ohio -- one of a handful of Rust Belt states that were key to his victory over Democrat Hillary Clinton -- Trump was at home in New York for another day of interviews with cabinet hopefuls.