Starbucks CEO to investor: If you support traditional marriage, ‘sell your shares’

Starbucks CEO

Starbucks CEO Howard Schultz – Photo Credit BusinessInsider.com

Starbucks CEO Howard Schultz sent a clear message of his support for gay marriage at the annual shareholders meeting Wednesday in Seattle, telling an investor if he disagrees he should sell his shares and invest in some other company.

The shareholder, Tom Strobhar, founder of Corporate Morality Action Center, complained that Starbucks lost customers because of its support for gay marriage, pointing to “disappointing” earnings in the first full quarter after a boycott last year by the National Organization for Marriage.

Schultz responded that “not every decision is an economic decision,” and pointed to a 38 percent shareholder return over the last year, according to Forbes.

In saying the company wants “to embrace diversity,” Schultz added amid applause:

“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.”

There is some history between the two men, as Strobhar asked Schultz at last year’s shareholders meeting to stop endorsing liberal issues because they were bad for business, as reported by Yahoo.

And while this intolerance for opposing gay marriage was directed at one of its investors, one has to wonder if it also extends to the paying customer?

Starbucks Howards Schultz on gay marriage (Video)

[poll id="47"]

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed
About Tom Tillison

Tom is a grassroots activist who distinguished himself as one of the top conservative bloggers in Florida before joining BizPac Review. He can be reached at tom@bizpacreview.com

  • B. Anderson

    Intolerance, bigotry and ignorance is a two-way street. But, from what I have seen, it goes to the left hundreds of times as much as it goes to the right. Even the gay community is not immune from intolerant bigotry. They're no better than Bible thumping preachers. Furthermore, you cannot, nor will not, ever force people to accept you. Because the more you try to shove your agenda down someone's throat, the more that person will resent you. If you want tolerance, you must learn to tolerate. It's ok to disagree.

  • KitKatLady

    I will no longer patronize Starbucks.

  • Luther Henry

    Glad I never developed a taste for starbucks. I will also make sure they are not included in any of my mutual funds.

  • snuffy

    go to hell Howie

    your coffee sucks anyway

  • snuffy

    Why does everyone have to agree with perverts and their supporters anyway?

  • BakerBabe

    I agree if you don't agree with the way the company is being run, get out. whether it is a profits issue or a political issue, it is your decision. Company owners should keep in mind if you piss off enough shareholders, you will have no company. You have an obligation to try to do your best with their money. Arrogance on either side can cost you both everything.

  • http://hotmail Judith

    Since I prefer my coffee sans controversy, this conversation persuades me to make my future cups of java DUNKIN' DONUTS!!!

  • Chuck

    Starbucks CEO Contact Information

    Howard Schultz (wife: Sheri K Schultz)

    1500 42ND AVE E UNIT 7

    Seattle, WA 98112

    (206) 726-9373

  • RonSr

    I have a very good Idea how to appease the stock holders, fire CEO Howard Schultz for making bad decisions and hire some one who is not gay.

  • ed

    Starbucks need not worry about me buying anything at their stores for two reasons. One is that they support gays & lesbians. Second, their coffee and other products are the. Oworse that I have ever tried. One trip to their store served as two, my first and last.

    • Lulu

      They will never get another penny of my money!