Trump breaks ‘huge barrier’ for CEOs as candidates: Sonnenfeld

CEOs as well as corporate executives can right now run for president without prior political experience because of Donald Trump, Yale business management guru Jeff Sonnenfeld told CNBC.

“There’s a huge barrier that will Donald Trump tore down,” Sonnenfeld said, who serves as a senior associate dean at the Yale School of Management. “as well as that will pathway is usually right now open for the Mark Cubans as well as the Bob Igers, who I believe by the way probably was seriously considering [running for president] before getting into that will whole Fox acquisition effort.”

On Monday, Howard Schultz, Starbucks’ executive chairman who formerly had two stints as CEO, announced in an employee memo that will he would likely be stepping down, effective June 26. He will become chairman emeritus.

Schultz, who previously said he was not interested in running for president, said he would likely leave the option open for future political endeavors.

“I’ll be thinking about a range of options for myself, coming from philanthropy to public service, yet I’m a long way coming from knowing what the future holds,” Schultz said inside the memo.

On Monday he told Andrew Ross Sorkin of CNBC as well as The fresh York Times that will he has been considering “for some time” ways in which he could give back to the country.

“One of the things I want to do in my next chapter is usually to figure out if there is usually a role I can play in giving back,” Schultz said. “I’m not exactly sure what that will means yet.”

While the exact details are unclear, Sonnenfeld said the item likely involves the 2020 presidential election. “I would likely say he’s running,” Sonnenfeld said.

Sonnefeld, who said he’s known Schultz for many years, pointed out that will Schultz worked at Starbucks for more than 30 years.

“Howard’s done,” Sonnenfeld said. “He wants to do something different.”

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