Howard Schultz
The new policy was unveiled weeks after the controversial arrest of two black men at a Philadelphia Starbucks.
Starbucks will close 8,000 stores nationwide for an afternoon of racial sensitivity training.
Chief operating officer Kevin Johnson will take Schultz's position.
Raises are slated for October, but the usual January raises are not happening.
WHAT'S HAPPENING
What we seem to forget is that the kind of businessman we admire really does matter.
Someone stepped in, and the rest is history.