Where is Starbucks Board of Directors?
The CEO of Starbucks basically told a shareholder that if the shareholder believes in traditional marriage he should dump his Starbucks stock.
Historically the job of the CEO has been to make money and increase shareholder value. It would seem telling people who don't share the CEO's personal beliefs, whether it's gay marriage or abortion, to dump the companies stock is not a pro-shareholder action.
This is another example of the liberal belief that everything belongs to liberals because they're just so darn much smarter than the rest of us; never mind they're not smart enough to create wealth on their own. We've all seen liberals declare that a tax cut is a gift from the government but this is an interesting example of how liberals think that private companies belong to liberals so that driving down shareholder value is fine since it's in the service of liberalism.
In one sense this is an example of the overriding liberal socialist impulse; let government, ie liberals, run businesses because liberals are the best at everything.
It's clear that folks of all political positions should boycott Starbucks for the simple reason that we shouldn't have to make a political statement to buy a cup of coffee.
But that reaction is really bad for shareholder value. If even only a few thousand people stop dropping their $5/day at Starbucks the company is hurt because the CEO is using the shareholders money to push his personal agenda. And the situation only gets worse if more than a handful of people decide they don't like a company that spits on their beliefs.
You can read more of Toms rants at his blog, Conversations about the obvious
Ad Free / Commenting Login
FOLLOW US ON
Recent Articles
- Antisemitism in the Guise of Humanism
- Escaping the State of Sin
- Outsquatting the Squatters
- From Illegal Alien Invaders to Newcomers to Democrats
- The Impact of China-Linked Contractors on U.S. Security
- Debunking the Stupid, Yet Passionately Held, Myths About the 1994 Crime Bill
- The Death of the American Salesman
- The Alarm Bell Is Clanging
- Voting and the Meaning of Honor
- Exploding The Myth That Islam Is An Abrahamic Religion
Blog Posts
- So was Hunter Biden 'Our Man in Ukraine'?
- The suspect who smashed Kaylee Gain’s head into the pavement claims she’s the victim
- About those innocent Palestinian civilians...
- The GOP seems to be on the verge of capitulating before the Democrats, again!
- Biden and the insurmountable
- Universe twice as old as we’ve been told?
- Ketanji Brown Jackson is a fascist who should be removed from the Court
- Can Letitia James handle the rough world of property management?
- It’s time to stop accommodating the crazies in America
- The value of perspective
- And then they voted Democrat in November
- Trump towers in his mastery of words to rally voters
- Planet Fitness loses $400 million in value after banning woman who exposed the company’s anti-female stance
- Schadenfreude: New movie labeling white people ‘dangerous animals’ flops at box office
- Why are American youths so unhappy?