As much as Schultz is associated with coffee, he may be just as well known for his outspoken stances on social and political issues â€” and getting the company involved in them.
Starbucks has in recent years pledged to hire 10,000 U.S. military veterans and active duty spouses, and 10,000 young Americans who arenâ€™t employed or in school. It has supported same-sex marriage, and helped raise money to battle homelessness.
Some initiatives, such as the one that encouraged baristas to hold conversations on racism with customers, have fizzled into awkwardness or sparked anger. Schultzâ€™s recent pledge to hire 10,000 refugees worldwide over the next five years drew some calls for a boycott....
Thanks Jim, but not quite sure what would cause anyone to boycott to the point their bottomline would notice. Abortion? Gay marraige? The refugee comment by Schultz? Seems everything he's for is in line with today's society and an overwhelming majority. Not quite sure what the uproar was about concerning refugees when everyone seems to be fighting to let them all in free and clear of the laws of the land. I guess it's different when they think their jobs may be affected.
Chris, I had put up an article from the same site "Motley Fool" that said that Starbucks was being hurt by any boycotts or at least by Conservative ire over this fellow's liberal stands. Now that may or may not be true. Something is hitting their bottom line, and right-wing ire, may be part of the problem. However just what this article I just referenced said, I certainly wouldn't be an investor in Starbucks since it wouldn't have the performance I would want.
Now we have several Starbucks in Lincoln. I'm not near them nor would I see a reason to go to one to carry out any great intellectual discussions. (Everyone knows that great intellectual discussions in this country are carried out in bars. )
No, companies should stay away from politics unless they are guaranteed a clientele. I will say too many companies have been blackmailed by liberals some black preachers come to mind here, and no doubt many have been blackmailed by conservative preachers pushing their agenda, and as much as possible companies should stay out of politics.
If your a stockholder you would especially want that!
Right Jim, not too many reasons to go in there. I guess I could make the argument that if we dig into tax records and charitable contributions, etc, of our favorite stores, we'd find things we wouldn't like. The difference here is how vocal and hate-filled Schultz has been over the years. Definitely a God complex, or demigod at the least. Let him go and fill his stores with refugees and illegals...and, bye, bye Starbucks.
Demitrios Kalogeropoulos wrote: Starbucks' (NASDAQ:SBUX) stock has been a dud for investors so far in 2017. It's also declined over the past 52 weeks, and so the shares have completely missed the broader market's recent 20% rally.