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OneGrassRoot

(22,920 posts)
Tue Mar 26, 2013, 04:23 PM Mar 2013

Starbucks CEO tells anti-gay investor: 'sell your shares'

The CEO of coffee chain Starbucks is earning praise from same sex marriage advocates for the company's staunch support of gay rights, including urging a group of activist shareholders to sell their shares if they don't like the company's policies.

At the Starbucks annual general meeting on Friday, chief executive Howard Schultz was accosted by Tom Strobhar, the head of a group called the National Organization for Marriage, an activist group that has lobbied hard against recent legislative moves to legalize same sex marriage and other contentious gay rights issues.

The NOM had called for a boycott of Starbucks locations after it emerged in 2012 that the ubiquitous chain of coffee restaurants was outspoken in favour of gay rights in its internal diversity policies. At the annual meeting, Strobhar suggested the company's support of gay rights was bad for business, as it was costing the company sales it might otherwise have had.

"If you feel, respectfully, that you can get a higher return than the 38 per cent you got last year, it’s a free country," Schultz said. "You can sell your shares of Starbucks and buy shares in another company. Thank you very much." His reaction drew loud applause from the audience.

FULL STORY HERE

Gotta give props where props are due!

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TheBlackAdder

(28,189 posts)
1. Wait! The guy is a Starbucks shareholder, boycotting Starbucks, and Gays are bad for Business?
Tue Mar 26, 2013, 04:29 PM
Mar 2013

The guy is trying to drive Starbucks under, by asking for a national boycott of them, and he's complaining about gays being bad for Starbucks?

TeamPooka

(24,223 posts)
2. I go to Coffee Bean & Tea Leaf usually for the purple thing
Tue Mar 26, 2013, 04:31 PM
Mar 2013

but I do like what Starbucks guy said to the hater.

OneGrassRoot

(22,920 posts)
4. Yeah, I'm really critical of most big corporations for many reasons...
Tue Mar 26, 2013, 04:34 PM
Mar 2013

but I'm trying to praise the good where I find it, as well as call out the bad stuff.





unblock

(52,207 posts)
3. an employer once asked me to hire only "family-oriented" candidates
Tue Mar 26, 2013, 04:33 PM
Mar 2013

the only reason i didn't quit on the spot was that i felt i owed it to my now-wife to discuss it with her first. based on that, we agreed i would quietly finish out the week, come in on the weekend when i could clear out my desk without anyone seeing, and formally quit first thing monday.

the only time i ever left without giving at least two weeks notice, and damn proud of it.

for the life of me i do not understand how anyone professing to be a businessman can knowingly choose to handicap the hiring process by eliminating perfectly valid candidates based on sheer bigotry. seriously, this ceo was telling me he would rather fail with heterosexual employees than succeed with even one gay computer programmer on staff.

to put it bluntly, even if are a solid, 100% anti-gay bigot, there's still NO legitimate business rationale for discrimination against gays in hiring/firing/etc. how on earth is hetrosexuality necessary for good computer programming???

and fail he did, only a few months after i left. good riddence to bad rubbish.


OneGrassRoot

(22,920 posts)
5. I give up on trying to understand ignorance.
Tue Mar 26, 2013, 04:40 PM
Mar 2013

There's too much of it out there, and I can't wrap my brain around it.

Glad you're not there any more.

niyad

(113,283 posts)
7. tom, dear, I have decided to help you out. herewith, a list of companies in which you might
Tue Mar 26, 2013, 06:05 PM
Mar 2013

want to invest, rather than in that gay-loving starbucks:

hobby lobby
chik-fil-a
glenn beck's media empire
the creation museum
fixed noise (aka fox)
ewtn

I know there are others, these were just the ones I came up with immediately.

niyad

(113,283 posts)
12. blue bell? definitely sorry to hear about that--had forgotten papa john's, and no county line bbq
Tue Mar 26, 2013, 07:05 PM
Mar 2013

I know there have to be more out there--they should take their money and RUN

Dustlawyer

(10,495 posts)
13. I am an ice cream addict in Tx raisd on Blue Bell. It cuts to the bone, but then again, I could use
Wed Mar 27, 2013, 09:44 AM
Mar 2013

to lose some weight!

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