Rachel Siegel Jena Mcgregor The Washington Post

When asked in an interview with Freakonomics Radio earlier this year why there are so few female CEOs leading big corporations today, outgoing PepsiCo CEO Indra Nooyi pointed largely to work-life balance and a leaky pipeline as big culprits.

Starbucks said Monday that executive chairman Howard Schultz, who transformed a small retail chain of coffee stores into a global juggernaut of cafes, restaurants and coffee beans with more than 28,000 stores in 77 countries, will be stepping down as executive chairman and as a member of the company's board effective June 26.

Starbucks closed 8,000 stores on Tuesday for what was widely billed as anti-bias training that focused on discrimination, racial justice and the experiences of people of color in Starbucks stores and commercial spaces nationwide.

When asked in an interview with Freakonomics Radio earlier this year why there are so few female CEOs leading big corporations today, outgoing PepsiCo CEO Indra Nooyi pointed largely to work-life balance and a leaky pipeline as big culprits.

Starbucks said Monday that executive chairman Howard Schultz, who transformed a small retail chain of coffee stores into a global juggernaut of cafes, restaurants and coffee beans with more than 28,000 stores in 77 countries, will be stepping down as executive chairman and as a member of the company's board effective June 26.

Starbucks closed 8,000 stores on Tuesday for what was widely billed as anti-bias training that focused on discrimination, racial justice and the experiences of people of color in Starbucks stores and commercial spaces nationwide.