Starbucks CEO Stands Up For LGBT Rights
Attention LGBT advocates and allies. When you want to make a clear, concise point to a bigot and homophobe about their stance on equality, take a lesson from the CEO of Starbucks and tell them where the door is and how fast they can leave. Here’s more:
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.
“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, andreleased a statement saying it was “deeply dedicated to embracing diversity.” The bill later became law.
Good or bad, money will always make someone guess their stance is it benefits their other interests. There really isn’t much for me to add to this so…bravo Schultz. Bravo.