Title: Starbucks CEO: If You Support Traditional Marriage, We Don’t Want Your Business-Fiction! - Truth or Fiction?
Headings: Starbucks CEO: If You Support Traditional Marriage, We Don’t Want Your Business-Fiction!
Starbucks CEO: If You Support Traditional Marriage, We Don’t Want Your Business-Fiction!
Content: Posted on September 9, 2015 by Rich Buhler & Staff
Starbucks CEO: If You Support Traditional Marriage, We Don’t Want Your Business-Fiction! Summary of eRumor: Starbucks CEO Howard Schultz said the company doesn’t want the business of people who support traditional marriage. The Truth: The Starbucks CEO didn’t say the company doesn’t want business from people who support traditional marriage. That rumor started in 2013 after Starbucks CEO Howard Schultz made a statement at a shareholder meeting about the company’s support of gay marriage, and it’s impact on the company’s profit margins. Conservative Starbucks investor Tom Strobhar told Schultz that the company’s earnings were “shall we say politely, a bit disappointing” in the first quarter after the National Organization for Marriage announced a boycott of Starbucks over its support of gay marriage. The Starbucks CEO responded: Despite the fact that you cite statistics that are narrow in time, we did provide a 38% shareholder return over the last year.