Starbucks CEO Defends Support for Gay Marriage to Stockholder

Starbucks CEO Howard Schultz defended his support for same sex marriage during a stockholders meeting last week.

At the meeting, stockholder Tim Strohbar suggested the company’s stock had dipped after the National Organization for Marriage (NOM) began a “Dump Starbucks” campaign.

Schultz politely told Strohbar if he didn’t like the company’s stance, he could buy stock in another company. Below is the exchange between the two men.

Strohbar - In the first full quarter after this boycott was announced, our sales and our earnings — shall we say politely — were a bit disappointing.

Schultz - 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 of Starbucks and buy shares in another company. Thank you very much,” he said, to loud applause from the audience

You can also listen to the exchange here



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