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HuffPost: Starbucks Gay Marriage Stance......CEO puts smack down on......

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Starbucks Gay Marriage Stance: CEO Puts Smackdown On Anti-Marriage Equality Shareholder The Huffington Post  |  By Hunter Stuart Posted: 03/22/2013 12:17 pm EDT  |  Updated: 03/22/2013 12:26 pm EDT 6,407 711 42 283 6027 GET BUSINESS ALERTS: SIGN UP FOLLOW: Gay Marriage, Video, Starbucks Gay Marriage, Marriage Equality, Schultz Shareholder Smackdown, Starbucks Ceo Shareholder Gay Marriage, Starbucks Marriage Equality, Strobhar Gay Marriage, Business News At Starbucks' annual shareholders meeting in Seattle, Wash., on Wednesday, CEO Howard Schultz told off an investor who tried to argue that the company's support for gay marriage is bad for business. NPR affiliate KPLU captured audio of the heated exchange: "In the first full quarter after this boycott was announced, our sales and our earnings -- shall we say politely -- were a bit disappointing," Starbucks shareholder Tom Strobhar said, referring to the National Organization for Marriage's boycott of the coffee company. Schultz replied bluntly that Starbucks's endorsement of marriage equality wasn't about making money, but about the principle of diversity. “If you feel, respectfully, that you can get a higher return than the 38 percent you got last year, it’s a free country. You can sell your shares of Starbucks and buy shares in another company. Thank you very much," Schultz said, to applause from the audience. Last year, Starbucks endorsed a Washington state bill to legalize gay marriage, and released a statement saying it was "deeply dedicated to embracing diversity." The bill later became law. Strobhar, who is the founder of the anti-abortion, anti-gay marriage Corporate Morality Action Center, has been a vocal opponent of progressive causes in the past. He is also the chairman of Life Decisions International, a Virginia-based non-profit that has been fighting to oppose Planned Parenthood since 1992. His website boasts that he has fought against corporate involvement in gay marriage, abortion and pornography at major U.S. companies from Microsoft to Pfizer. At last year's Starbucks shareholders meeting, Strobhar asked Schultz to stop endorsing liberal issues because they were bad for business, Yahoo reported at the time.
by on Mar. 24, 2013 at 10:01 PM
Replies (11-20):
Goodwoman614
by Satan on Mar. 24, 2013 at 11:06 PM
2 moms liked this

Fukkin NOT MY MORALS. 

Discrimination, bigotry, hate. Seems that's something only conservative religionists can do: 

<<putting Jesus' teachings in action>>*

<<sarcasm>>

Bookwormy
by Platinum Member on Mar. 25, 2013 at 12:45 AM
2 moms liked this
The Forbes article gives the whole quote, which is even better.
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Bookwormy
by Platinum Member on Mar. 25, 2013 at 12:47 AM
3 moms liked this
http://www.forbes.com/sites/frederickallen/2013/03/22/howard-schultz-to-anti-gay-marriage-starbucks-shareholder-you-can-sell-your-shares/


At Starbucks’ annual meeting in Seattle on Wednesday a shareholder complained to the chief executive, Howard Schultz, that the company had lost customers because of its support for gay marriage. Last year Starbucks announced its support for Washington’s state’s referendum backing gay marriage, and in response the National Organization for Marriage launched a boycott of the coffee chain.

“In the first full quarter after this boycott was announced, our sales and our earnings, shall we say politely, were a bit disappointing,” said the shareholder, Tom Strobhar, whom the Huffington Post identifies at the founder of the anti-gay marriage Corporate Morality Action Center.

Was Schultz taken aback? Not in the least. He responded, “Not every decision is an economic decision. Despite the fact that you recite statistics that are narrow in time, we did provide a 38% shareholder return over the last year. I don’t know how many things you invest in, but I would suspect not many things, companies, products, investments have returned 38% over the last 12 months. Having said that, it is not an economic decision to me. The lens in which we are making that decision is through the lens of our people. We employ over 200,000 people in this company, and we want to embrace diversity. Of all kinds.”

At that point the audience interrupted in cheers and applause. Then Schultz concluded, “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 in Starbucks and buy shares in another company. Thank you very much.” More cheers.

A Washington Post poll this week found that support for gay marriage among Americans has shot up to 58% in favor and 36% against, a complete turnaround in less than 10 years. Schultz’s stand isn’t nearly as daring as it would have been a few years back, but still, it’s impressive to see a CEO think about more than the bottom line and get cheered by his shareholders for it.
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Bookwormy
by Platinum Member on Mar. 25, 2013 at 12:49 AM
Pesach/Passover starts tomo evening & all you can think about is bacon & lobster?! How about chocolate dipped, caromel drzzeled, coconut covered mazah clusters?!
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autodidact
by Platinum Member on Mar. 25, 2013 at 12:52 AM
2 moms liked this

paragraphs are your friend

Elyssa414
by Member on Mar. 25, 2013 at 12:54 AM
1 mom liked this
I worked for Starbucks for a few years in Seattle, and we always had our own float in the gay pride parade. I really like Howard Schultz and his moral stands about labor and fair trade and the environment and his employee benefits and benefits to the towns and farms where they buy from... He's a decent guy.
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Bookwormy
by Platinum Member on Mar. 25, 2013 at 8:41 AM
ROCK ON Howard Schultz! He's willing to put his money where his mouth is! That's not intolerance; that's walking the walk! He basically said, "If you care more about profitabilty than equality or don't agree with the strong moral stand of this company, disinvest." Sounds very sound to me.
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katy_kay08
by on Mar. 25, 2013 at 8:48 AM

you made two posts on the same topic within 20 minutes of each other?  

Sekirei
by Nari Trickster on Mar. 25, 2013 at 9:23 AM


Quoting katy_kay08:

you made two posts on the same topic within 20 minutes of each other?  

two different views... both biased (apparently, even though this one pretty much goes by what the video of the shareholder meeting says)

lizmarie1975
by Gold Member on Mar. 25, 2013 at 9:28 AM
1 mom liked this
I just had chocolate covered matzah for the first time a few days ago. I'm hooked!

I'm hoping there's a few boxes on clearance when Passover is finished. I will be buying them all!


Quoting Bookwormy:

Pesach/Passover starts tomo evening & all you can think about is bacon & lobster?! How about chocolate dipped, caromel drzzeled, coconut covered mazah clusters?!

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