Howard Schultz leaves Seattle
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13hon MSN
Howard Schultz joins 'Billionaire Bunker' residents Zuckerberg and Bezos in move to Florida
Several tech execs have relocated to the Sunshine State. And many of them moved within the last few months. Now it’s the Starbucks chieftain’s turn.
The former Starbucks CEO announced the move on the same day Washington's House passed a millionaire's tax.
Add former Starbucks CEO Howard Schultz to the list of ultra-rich guys fleeing other cities for the billionaire’s playground of Miami. The man responsible for the ubiquity of the coffee brand that gave us the Frappuccino and the Pumpkin Spice Latte (AKA the PSL) announced this week that he and his wife have ditched their longtime home of Seattle for South Florida’s sunnier (and more billionaire-friendly) shores.
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million. As families work to rebuild their lives after tornadoes touched down in the Chicago area and northwest Indiana on Tuesday,
Starbucks (NasdaqGS:SBUX) has rolled out a new tiered loyalty rewards program, adjusting how customers earn and redeem benefits. Former CEO Howard Schultz has relocated from Seattle to Miami, attracting attention to executive migration and tax considerations following Washington State's new wealth tax.