Howard Schultz, architect of modern Starbucks, to step down as executive chairman

Tim Hubbard, an assistant professor in the Department of Management & Organization, was quoted in a CNBC story about the decision by Starbucks executive chairman Howard Schultz to step down. 

Read the full story here.

"Howard Schultz has been a pioneer in setting and maintaining a culture of social responsibility — both environmentally and socially — while being able to maintain financial performance," Tim Hubbard, assistant professor of management at the University of Notre Dame's Mendoza College of Business, told CNBC via email. "He has served as an example to other executives who work towards socially responsible firms, and as an example to board members who frequently cite his behavior as models for executives."

In 2007, Notre Dame awarded Schultz the Rev. Theodore M. Hesburgh, C.S.C., Award for Ethics in Business.