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Fortune Names Starbucks' Schultz as Businessperson of 2011

NEW YORK ( TheStreet) -- Howard Schultz, the CEO of Starbucks, has been named Fortune's Businessperson of the Year for 2011.

Starbucks CEO Howard Schultz

Since returning to Starbucks in 2008, Schultz, Fortune said, has "restored the iconic company he founded and taken it to new heights, posting record revenue and profits. Schultz distinguished himself in another way in 2011, taking steps to raise funds for job creation and to fight political dysfunction in Washington. "

No. 2 on Fortune's list is

No. 2 on Fortune's list is Amazon's (AMZN - Get Report)Jeff Bezos. The CEO "stands out as an engaged, shareholder-friendly CEO (he owns 20% of the company but collects a small salary and no bonus). " Amazon has had a "blowout year," Fortune said. J

Rounding out the top five are John Watson, Chevron's (CVX - Get Report) chairman and CEO; Reid Hoffmann, founder and chairman of LinkedIn (LNKD - Get Report); and James Skinner, the CEO of McDonald's (MCD - Get Report).

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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