Starbucks CEO Howard Schultz: Don't contribute to politicians

Starbucks CEO Howard Schultz has had it with political dickering in Washington, D. C., and is calling for a boycott on campaign contributions to President Obama and congressional lawmakers until they put the country's financial house in order.

"Our economy is frozen."

 

"Our economy is frozen."

Seattle Times business reporter

 

Starbucks CEO Howard Schultz has had it with political dickering in Washington, D.C., and is calling for a boycott on campaign contributions to President Obama and congressional lawmakers until they put the country's financial house in order.

He also wants companies to override their fear and start spending the cash they're sitting on. Starbucks had $1.7 billion in July, up from $1.2 billion when its fiscal year ended nine months earlier.

"Right now our economy is frozen in a cycle of fear and uncertainty. Companies are afraid to hire. Consumers are afraid to spend. Banks are afraid to lend," he wrote in a letter sent Monday to other corporate leaders. The heads of Nasdaq and the New York Stock Exchange forwarded it to their thousands of members.

Besides stopping campaign contributions, Schultz — the Northwest's top-paid CEO last year — vowed to help get the economy moving by hiring.

"We are going to accelerate growth, employment and investment in jobs," he said.

Confidence is contagious, he reasoned, so "we are not waiting for government to create an incentive program or a stimulus. We are not waiting for economic indicators to tell us it's safe to act. We are hiring more people now."

They are big promises for a company that over the past few years has closed stores and cut some 35,000 jobs. It had 137,000 employees when its fiscal year ended last October.

Starbucks has hired 36,000 people in the U.S. and Canada since January, including filling an unspecified number of positions that were left open when workers left the company.

That's up 15 percent from a year ago, and Starbucks expects to hire 70,000 more people in the U.S. over the next six to 12 months, said spokeswoman Stacey Krum.

Starbucks spends hundreds of thousands of dollars a year on Capitol Hill, including $100,000 last year to the Seattle law firm K&L Gates for lobbying related to food safety and menu labeling.

Its direct contributions to politicians are rare and include $2,000 to Sen. Orrin Hatch, R-Utah, and $500 to Washington Rep. Dave Reichert, R-Auburn, this year, according to a U.S. House of Representatives database.

The media attention around Schultz's political boycott began last week, when New York Times columnist Joe Nocera interviewed him about a letter he had sent to employees voicing frustration with politicians.

By the time Nocera talked to Schultz, the positive reaction from Starbucks workers and about 50 business leaders with whom he'd shared the email had prompted the coffee-shop king to suggest a boycott.

"America's leaders need to put their feet in the shoes of working Americans," he told Nocera. "Instead, all they think about is their own political self-interest."

Money was the way to reach them, Schlutz decided.

A Washington, D.C., nonprofit called Democracy 21, which works to reduce the impact of big money on politics, is behind him.

So is The New York Times' Nocera, who called it a longshot worth trying.

"What I particularly like about Schultz's idea is that it is not just another plea for compromise and civility, which does nothing to affect political behavior. It is hardheaded and practical, the kind of idea you would expect from a good businessman," he wrote.

Melissa Allison: 206-464-3312 or mallison@seattletimes.com

http://seattletimes.nwsource.com/html/businesstechnology/2015919504...

Views: 44

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

Regrets That Cling to Me

Talking with my shadow in the nightI know it sounds contriteA vacuum without the lightThe silence…See More
yesterday
tjdavis posted a photo
Monday
Doc Vega posted a blog post

Reality Is now Becoming Unhinged

 Let’s take a trip down the modern-day rabbit hole we call everyday news and events, but on a more…See More
Sunday
cheeki kea commented on Sandy's video
Thumbnail

Ghislaine Maxwell & The Secret "Shadow" 9/11 Commission? | John Kiriakou

"You tuber Sabby Sabs sums up and joins dots. Don't miss this one."
Sunday
Doc Vega posted a blog post
Thursday
Burbia commented on TommyD's group The Chuckle Hut
"The Warriors is one of my favorite movies. I couldn't help but laugh at this spoof."
Mar 4
Doc Vega posted a photo
Mar 4
Doc Vega commented on Doc Vega's blog post Are the End Times Drawing Near?
"cheeki kea, You might want to see predictions made by Robert Welch in 1957 and 1974 stating that…"
Mar 4
Doc Vega commented on Doc Vega's blog post Are the End Times Drawing Near?
"cheeki kea, good points. We have a world full of twisted allied agendas that seem contradictory,…"
Mar 4
Sandy posted a video

Ghislaine Maxwell & The Secret "Shadow" 9/11 Commission? | John Kiriakou

In this gripping excerpt from the Julien Dorey podcast, former CIA officer and whistleblower John Kiriakou reacts to a leaked email from 2003. The document r...
Mar 3
cheeki kea left a comment for Holyroller
"Greetings to you Holyroller very awesome you've joined up with us all. I know you'll find…"
Mar 3
cheeki kea commented on Doc Vega's blog post Are the End Times Drawing Near?
"Yes it's a sad and sorry situation we see evolving here. On one front and it's a large…"
Mar 3
Doc Vega commented on tjdavis's video
Thumbnail

When the Communists Take Over America!...Famous 1957 Anti-Communist Movie

"I remember this when I was a little seeing it on TV years after it was filmed and it scared me even…"
Mar 3
tjdavis posted a video

When the Communists Take Over America!...Famous 1957 Anti-Communist Movie

Starring Jack Webb and Robert Conrad, this 1957 movie by the United States Armed Forces Information Agency is perhaps the best known anti-communist movie eve...
Mar 2
Doc Vega posted a blog post

Are the End Times Drawing Near?

Are we seeing the gradual fulfillment of the Battle of Armageddon? Think of it. The US and Israel…See More
Mar 2
Holyroller is now a member of 12160 Social Network
Mar 2
tjdavis posted a blog post
Mar 1
Sandy posted photos
Mar 1
Burbia posted a video

Catherine Fitts: Epstein, CIA Black Budget, the Control Grid, and the Banks’ Role in War

Programmable digital currency is the final piece of the global control grid that’s finally snapping into place. Catherine Austin Fitts on how to defeat it. C...
Feb 27
Евеліна posted a status
"цікаво, воно цитатами виділяє, як моє особливе "я""
Feb 27

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted