Former Starbucks CEO Howard Schultz, who thought of 2020 presidential bid, endorses Joe Biden

Howard Schultz

Michael Nagle | Bloomberg | Getty Images

Former Starbucks CEO Howard Schultz endorsed Democratic presidential nominee Joe Biden on Monday in a message to his e-mail listing that warned that “what’s in danger is democracy itself.”

The espresso titan had publicly mulled the potential of operating within the 2020 race as a “centrist unbiased” however dropped the plan last September. The prospect of a Schultz bid outdoors the two-party system spooked Democrats who apprehensive that he may take away votes from the Democratic nominee and probably throw the race to President Donald Trump. 

“While my exploration revealed {that a} run for workplace was not the easiest way for me to present again to a rustic that has given me a lot, I proceed to imagine that our nation can reside as much as our beliefs, and that all of us should envision and combat for a brand new American future,” Schultz wrote within the e-mail.  

Schultz wrote that he and his spouse, Sheri Schultz, will vote for Biden and donate to his marketing campaign.

Schultz, who has an estimated web price of greater than $four billion, additionally wrote that he and his spouse will assist nonpartisan democracy initiatives geared toward guaranteeing the legitimacy of the vote and organizations geared towards mobilizing rare voters and minorities. 

Schultz is among the many final of Biden’s rivals or would-be rivals to line up behind him. The bulk of the Democratic major subject endorsed Biden months in the past, together with progressive Sen. Bernie Sanders, I-Vt., who positioned second. 

Schultz didn’t acquire any traction as a possible candidate in his personal proper, so whether or not his political backing will make any distinction within the race is unsure. But his assist does lend additional credence to Biden’s efforts to indicate assist throughout ideological traces, given Schultz’s reasonable positioning.

“Trump’s defeat is however step one to restore and rebuild our nation,” Schultz wrote. “The months and years to observe are a time not for Democrats to precise revenge and enact a far-left agenda.”

The announcement comes as one other one of many 2020 race’s a number of billionaires, former New York Mayor Michael Bloomberg, steps up his assist for Biden. Bloomberg announced Sunday that he would spend at the least $100 million to assist Biden win in Florida, a key battleground. 

Schultz joined Starbucks within the 1980s and served two stints as the corporate’s CEO, from 1986 to 2000 and once more after the monetary disaster, from 2008 to 2017. 

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