Starbucks’ Schultz mulling ‘philanthropy to public service’

In this March 19, 2014, file photo, Howard Schultz, chairman and CEO of Starbucks Coffee Company, speaks at the company’s annual shareholders meeting in Seattle. Starbucks Corp. says Howard Schultz is stepping down executive chairman later this month. Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had retired as CEO last year to focus on innovation and social impact projects as executive chairman. (AP Photo/Ted S. Warren, File)

NEW YORK — Starbucks Corp.’s Howard Schultz is stepping down as executive chairman of the coffee company he helped transform into a global brand, and says public service may be in his future.