Skip to comments.Starbucks CEO tells shareholder to sell his shares if he doesn’t like gay ‘marriage’
Posted on 03/27/2013 4:54:30 AM PDT by IbJensen
SEATTLE, Washington, March 26, 2013 (LifeSiteNews.com) - At the annual Starbucks shareholder's meeting in Seattle last week, company CEO Howard Shultz told a shareholder that he should buy stocks in other coffee businesses if he didn't like Starbucks endorsement of same-sex "marriage."
Shareholder Tom Strobhar had pointed to what he argued was a significant drop in sales following a boycott launched by the National Organization for Marriage (NOM) protesting Starbucks support of homosexual "marriage" in Washington state.
"In the first full quarter after this boycott was announced, our sales and our earnings, shall we say politely, were a bit disappointing," said Strobhar according to a ChristianNews.net report.
Strobhar questioned whether it was a prudent business move for Starbucks to risk share value by supporting gay "marriage."
According to the Puget Sound Business Journal, Schultz, after interrupting Strobhar twice by asking What is your question? told the shareholders, Not every decision is an economic decision.
Click "like" if you want to defend true marriage.
The lens we use to make decisions is the lens of our people. We want to embrace diversity, Schultz said. He then told Strobhar, 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."
The National Organization for Marriage has urged customers to "Dump Starbucks," over its corporate-wide position that the definition of marriage between one man and one woman should be eliminated and that same-sex "marriage" should become equally "normal."
"As such, Starbucks has deeply offended at least half its US customers, and the vast majority of its international customers," the group states. The group also says, "In many areas of the world where Starbucks does business, the concept of 'gay marriage' is unheard of and deeply offensive to cultural, moral and religious values.
"In taking these actions, Starbucks has declared a culture war on all people of faith (and millions of others) who believe that the institution of marriage as one man and one woman is worth preserving."
The boycott campaign's petition against Starbucks has been signed by over 57,000 individuals.
"Starbucks is using its resources to invalidate traditional marriage in the US and redefine the institution of marriage despite the strongly held views of so many of its customers, including me," the petition states. "Therefore, I will no longer purchase anything from Starbucks until you change your corporate values to be more reflective of my own."
The American Family Association (AFA) also encourages coffee drinkers to no longer support Starbucks but take their business elsewhere. They also asked customers to let Starbucks CEO Howard Shultz know they don't agree with his company's aggressive attempts to re-define marriage.
Starbucks is clearly standing with those who worship the anus. I can only hope they drown in their coffee!
Chic-fil-A sells coffee.
More amazing ... people in America wanting and willing to pay three times as much for a cup of it.
I didn’t read your post before posting my reply, but I see now why starbucks coffee tastes like shit.
I don’t buy their coffee because I hate it, but this just gives me another reason to not drink it.
People should talk with their dollars. Do not buy Starbucks!!
DO NOT BUY STARBUCKS!!!
For the life of me, I don’t understand why any company takes any political position on anything. They are in business to sell their product or service...nothing more. It seems extremely dumb to me.
Starbucks recently initiated a new corporate strategy, purcasing Central or South American coffee growing plantations. Makes me think of Harry Belifonte’s “DAY-O!” Starbucks will soon face some harsh realities.
It strikes me as totally stupid to put ones business in jeopardy over this issue.
What cards does this guy have in the deck?
The sodomists apparently rinse their dipsticks in the brew.
BTW: Starbucks is the worst tasting coffee I’ve ever encountered. I fail to see the appeal.
Starbucks: tastes like ass smells.
I love Starbucks. My wife buys it at the grocery and I have it every morning. Never again, and that’s a promise. I plan on boxing up my remaining coffee and shipping to HQ in protest. Does anyone know of a coffee that equals it in flavor? I’m a black coffee only guy. Er uh African american
“I never understood how starbucks got so popular selling coffee that tastes like burnt s***.”
LOL! And pay some snooty barista $4.00 a cup for it.
McDonalds’ & Dunkin Donuts’ coffee has Starburps skinned a mile.
I don’t care for Starbucks coffee (actually had it maybe only once, but it is hard for me to drink it at their prices, even if someone else is paying) and I don’t support redefining marriage, BUT, it is their corporation and they are free to take positions that hurt their profits. I agree with Starbucks— if you don’t like their practices, sell your shares.
Dunkin’ Donuts’ coffee is far better anyway. No loss.
I have a lot of friends that don’t like their coffee but love their latte’s and other drinks. However, they are now dead to me and, I hope, all my facebook friends who see the link to this article on my timeline.
People should talk with their dollars. Do not buy Starbucks!!
And most owners are the pleasant, smiling Punjabi.
(Just ask Joe Biten)
I’ve never had starbucks coffee. I’m one of those silly people that thinks its retarded to pay $4.00 for a cup of coffee beverage. And I don’t buy water either. I make really great coffee at home and work, and at home I have my own well in an area that has numerous big springs, and my water comes straight out of the artesian auquifer. But if I had shares, I’d sell, and if I bought their coffee, I’d stop.
May I suggest a nice store bought brand and a French press for your coffee? It’s easy and your will produce a wonderfully, uniformly excellent cup of coffee. Cheers and enjoy...
Gee, and isn’t it strange that the media pounded the owner of Chick-Filet -A as being a bigot for his conservative family values and Christian life?
Media has a one-tract pro-anus worshipping mindset. They have to be disciples of satan as they’re behind every evil thing that befalls this nation. As such they’re proven enemies of the Republic!
In a sense, he’s right. If you don’t like what the company is doing, sell your shares. I also agree that companies should not spend shareholder money on supporting certain causes but it happens all the time in less controversial areas. And, if somehow supporting gay marriage increased Starbucks sales, he has a justification for doing it.
As long as government pressure is not involved, this is a purely private matter and the market will decide whether this is a good idea or not. Personally, I’ve been to a Starbucks two or three times in my life and don’t plan on going back.
This is exactly why companies and public figures should stay out of politics. All they can accomplish is pissing off half of their shareholders / fans.
Can you imagine a CEO telling people not to invest in his company? Unbelievable. Liberalism > capitalism to that guy
Try Bustelo. You’ll love it.
We buy it by the bag and grind if fresh.
Starbucks doesn’t want my money? Ok, I can live with that!
Homosexuals are a winnowing fork, maybe THE winnowing fork for the end times.
The wheat and chaff are being separated with this issue as the primary tool.
This is not just about his business, and he probably doesn’t even realize it.
Corporations are faceless, non-people when it comes to political donations. In fact, liberals believe such donations should be heavily restricted / shouldn’t be allowed to donate at all. (McCain-Feingold)
Of course, liberals are fine with companies taking a stand and actively encourage CEOs to do so as soon as a CEO supports a liberal cause.
See how the game is played?
Actually, I would say that if you don’t like their social policies, VOTE your shares.
Is Bustelo rich and bold? That’s what I like about Starbucks. I can’t even taste Maxwell House, Fulgers etc.
Dixie Chick um.
Starbucks or Starbutts?
Its just hipster coffee.
The ones I see walking around this building holding Starbucks coffee are the most pretentious individuals that work here thourghout the day.
Most people who drink the regular coffee from the coffemaker here keep their cup on their desk. The pretentious hipsters that drink Starbucks carry their cup around with them half the day. Sometimes its nearly empty and cold but they still carry it around. I don’t carry my plain white styrofaom cup around all day.
Starbutts is the worst smelling coffee. UGH.. makes my stomach hurt. I remember when I was The Del, in Coranado CA... getting ready for a walk to the spa, one early morning..looking for coffee.. and the coffee shop in the lobby area sells Startbutts. There was a woman in front of me, in line, who was very vocal about the horrible stink of Starbutts coffee. And I had to agree with her. We had the lady get us some coffee from Room Service instead of drink that garbage. YUCK!
Chick-fil-la enjoyed RECORD sales for weeks after standing behind traditional marriage.
Is this guy blind or something? I would fire him.
NO successful CEO.
I mean NONE... NO CEO makes decisions based on emotion. Its never ever ever ever personal for a successful CEO. EVER.
Its strickly business. This guy’s days are numbered.
He shot himself in the foot, now he’s asking for more ammo for the other one.
In order for him to be removed, those with the power to remove him would have to want to remove him,
which means that they would have to value business decisions over this issue.
I may be wrong, but I’m betting they don’t. They wouldn’t admit it, but it’s probably worth it to them to go bankrupt over this issue.
I had Barstucks coffee twice. The first and last time in the same cup.
8 a’clock coffee, Columbian (beans, if you grind your own) is good!
I guess sales at Dunkin Donuts will increase.
i wonder what would happen if pro-marriage people ended up with a majority of starbucks shares... just askin’
Like Lumbergh in Office Space
Shultz’s advice to sell shares is sound, since, Starbucks cannot prosper selling only to fags.
I've always liked their coffees. It's not burnt to me at all, but merely dark-roasted and strong with no bitterness. My wife and I buy beans which we grind ourselves. I have to drink mainly decaf and they pissed me off by discontinuing Verona decaf. Now I seldom buy any of their coffees. I get decaf Italian Roast beans at Cost Plus world Market now.
Gevalia! Beats every other brand, hands down. Peets is also very good.
Isn’t it the people boycotting it that are making the fuss?