Starbucks CEO urges boycott of campaign donations
The head of Starbucks is so infuriated with politicians who, in his words, "are not leading" that he wants to force them to return to Washington and tackle the country’s dire fiscal situation.
To achieve that, Howard Schultz is urging fellow managers to delay donating to political campaigns.
“I am asking that all of us forgo political contributions until the Congress and the president return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people,” Schultz wrote Sunday in an email to business leaders obtained by Politico and other news outlets.
Schultz called on business leaders to speak out publicly, saying that businesses should do all they can to “accelerate job creation.” He first urged a boycott of campaign donations in an interview with the New York Times.
He argues that Members of Congress have their eye on re-election more than they do on fixing the problems facing the nation. Because donations are essential to re-election campaigns, he thinks withholding the money will force politicians to get to work.
Schultz has donated to Democratic candidates, but he believes the campaign boycott needs to be bi-partisan.
The 58-year-old began working at Starbucks three decades ago and previously served as CEO until 2000. He returned to the job in 2008.
What do you think? Is Schultz right? If you were planning to donate to a candidate, will you reconsider?
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