Starbucks CEO To Shareholders: Go Elsewhere If You Oppose Our Stance On Gays
At Starbucks Corp.'s annual shareholder meeting in Seattle on March 20, a shareholder questioned Starbucks' public support of gay marriage. A resulting boycott of the coffee company was partly responsible for "disappointing" first-quarter numbers, the shareholder said. Schultz interrupted the shareholder, asking, "What is your question?" Schultz cited Starbucks' 38 percent annual return on shareholder value and suggested that the shareholder could always sell his shares.
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