Home » Starbucks CEO to anti-gay activists, You can sell your shares

Starbucks CEO to anti-gay activists, You can sell your shares

Starbucks CEO to anti-gay activists, You can sell your shares

Starbucks CEO to anti-gay activists, You can sell your shares

Starbucks CEO Howard Schultz is not holding back any punches for in last year’s shareholders meeting he announced that Starbucks will continue to be a supporter of diversity, equality and gay marriage. Something the National Organization for Marriage (NOM) has attacked the chain by calling for a boycott.

Still, the CEO does not care what NOM does or believes in and encourages those who are anti-LGBT to sell their shares. Mr. Schultz acknowledges that his company Starbucks provided it’s shareholders with a 38 percent return in the last twelve months but he also stands with his beliefs and will not let NOM bully or push him to discriminate against the LGBT community. In the video during the last shareholder meeting, Mr Schultz responds to NOM’s push for a boycott of the Starbucks chain.

Here’s what CEO Howard Schultz said:

“We did provide a 38 percent shareholder return. I would suspect not many companies provided a 38 percent return over the past twelve months. Having said that it’s not an economic decision. The lens we use to make decisions is the lens of our people. We employ over 200,000 people in this company, and we want to embrace 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 in Starbucks and buy shares in another company. Thank you very much.”

Howard Schultz has taken a bold but good step in his effort to stand against those who discriminate against the LGBT community. Especially in a time where companies see fit to fire employees who are lesbian, gay or transgender.

Companies such as Starbucks, Levi’s, Nike, Microsoft, JCPenny, Apple, American Airlines, Google, Boeing, Disney and IBM are all trailblazers for they all have taken a stance for the LGBT community. They welcome the LGBT community to their businesses as customers and as employees and have taken a stand in standing for equality.

Yet, in 2013 the LGBT community is still met with discrimination for what they do in their own private lives. From being fired from their job to facing bad service at a restaurant just because some take it as their “right” to enforce their own views on others.

In Nevada the state senate recently passed a Trans-Inclusive Hate Crimes Bill and is now headed for the state assembly. The bill was introduced by first term, out-lesbian Senator Pat Spearman, this bill is her first piece of legislation.

Also, Nevada Democratic State Senator Tick Segerblom introduced legislation that would repeal the Nevada same-sex marriage ban. In 2002 the ban was approved by voters, now state senator Tick Segerblom is hoping to repeal that ban.

According to a source, “To change or repeal a constitutional amendment in Nevada, the state legislature, without gubernatorial approval, must approve the change in two consecutive legislative sessions; the bill then must be approved by voters in the next election cycle by a simple majority. If this bill is approved during this session, the same bill would need legislative approval in 2015, and then approval by the voters, which could take place as early as 2016.”

Marriage equality continues to take steps forward but still has a ways to go in some states such as Nevada.

Coming this Tuesday and in support of Marriage equality, the Human Rights Campaign is involved in a movement where supporters wear the color red. For more information on United for Marriage Events Nationwide, supporters should visit: hrc.org/standformarriage

-Kelly J Newson