Former Starbucks CEO Howard Schultz leaves Seattle
Digest more
The former Starbucks CEO announced the move on the same day Washington's House passed a millionaire's tax.
A few Big Tech execs have also headed to the Sunshine State in recent months
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.
He paid $44 million for a penthouse at the Four Seasons at the Surf Club, marking the latest billionaire to move to South Florida.
The former CEO and early backer of Starbucks has revealed that he will be departing from Washington in favor of Florida, hours after the state’s lawmakers advanced a tax bill targeting residents earning over $1 million a year.