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Fearless

(18,421 posts)
Fri Mar 22, 2013, 03:00 PM Mar 2013

Starbucks CEO defends equal marriage backing and tells unhappy shareholder to sell stock

At the meeting yesterday a shareholder questioned the profitability of Starbucks’ marriage equality stance by bringing up a boycott being levied against the coffee company by the National Organization for Marriage (NOM), a group adamantly opposed to equal marriage rights.

The shareholder referred to NOM’s boycott, and said: “In the first full quarter after this boycott was announced, our sales and our earrings—shall we say politely—were a bit disappointing.”

CEO Howard Schultz replied that “not every decision is an economic decision,” and went on to suggest that if shareholders thought their return was not strong enough in the face of opposition for supporting such issues, they could sell their shares.

Mr Schultz said: “If you feel, respectfully, that you can get a higher return than the 38% you got last year, it’s a free country. You can sell your shares of Starbucks and buy shares in another company.”

http://www.pinknews.co.uk/2013/03/22/starbucks-ceo-defends-equal-marriage-backing-and-tells-unhappy-shareholder-to-sell-stock/

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Not a Starbucks fan really, but now I may go get something if I'm hungry sometime.

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Starbucks CEO defends equal marriage backing and tells unhappy shareholder to sell stock (Original Post) Fearless Mar 2013 OP
Greedy anti-equality stockholder can... nonoyes Mar 2013 #1
CEO Howard Schultz ... DakotaLady Mar 2013 #2
I afford one once or twice a year. nonoyes Mar 2013 #3
While I'm running ... DakotaLady Mar 2013 #4
Thanks, from another "Glenny" lover! nonoyes Mar 2013 #6
I used to buy ALL my "candy coffees" at Starbucks, but then I discovered BlueCaliDem Mar 2013 #5
I'm just a tad ... DakotaLady Mar 2013 #7
I don't drink coffee IrishEyes Mar 2013 #10
Um....really? WillParkinson Mar 2013 #8
Recommended. William769 Mar 2013 #9
 

nonoyes

(261 posts)
1. Greedy anti-equality stockholder can...
Fri Mar 22, 2013, 03:13 PM
Mar 2013

Can go screw himself.

Lots of Starbucks business is young adults, including the LGBT community.

I'd suggest the less than stellar profits for one quarter have more to do with winter expenses, increased gasoline costs, or unemployment in some areas, versus the strength of the N O M boycott. N O M folks, to me, don't look like the Starbucks regulars.

DakotaLady

(246 posts)
2. CEO Howard Schultz ...
Fri Mar 22, 2013, 04:15 PM
Mar 2013

was spot-on with his remarks to this shareholder. I hope the shareholder does sell his stock.

I'm probably in the minority here at DU I do enjoy an occasional Starbucks latté. Oh well ...

 

nonoyes

(261 posts)
3. I afford one once or twice a year.
Fri Mar 22, 2013, 04:22 PM
Mar 2013

I'm sorry, not that fussy about my coffee, and prefer to make my own, or drink something else when out, later in the day, something that costs about the same but gives me a different buzz.

DakotaLady

(246 posts)
4. While I'm running ...
Fri Mar 22, 2013, 04:45 PM
Mar 2013

errands that latté helps me get through my to-do list. However when I get home and before my evening meal I enjoy a couple of ounces straight-up of The Glenlivit ... yummy indeed!

I forgot to mention that I liked your response to the original post/thread.

BlueCaliDem

(15,438 posts)
5. I used to buy ALL my "candy coffees" at Starbucks, but then I discovered
Fri Mar 22, 2013, 04:54 PM
Mar 2013

I'm lactose intolerant.

That said, I drink a LOT of coffee (so does my family) and I buy exclusively Starbucks brand ground coffee in the grocery store. My favorite is "Dark Expresso Roast (bold and caramelly - tastes just like Dutch coffee which I LOVE ).

DakotaLady

(246 posts)
7. I'm just a tad ...
Fri Mar 22, 2013, 05:43 PM
Mar 2013

obsessive compulsive about my favorite French Roast.

I'll have to try the Dark Espresso Roast because of the word you used ... "caramelly" got my attention!

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