Drudge Retort: The Other Side of the News
Monday, March 20, 2017

On April 2, 63-year-old CEO Howard Schultz is stepping down from his second stint at the helm of the company he built into a global empire. The first time he left, an overexpanding Starbucks crashed into a sharp recession, and he returned to put the company back on the rails. This time, he leaves the CEO position as questions again loom about Starbucks' growth prospects -- and about his own future as an advocate for social causes and, perhaps, a political candidate. ... The New York Times recently quoted former presidential adviser David Gergen as saying "Howard Schultz is definitely being pursued" to run for the Democratic presidential nomination in 2020.

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Schultz, who declined to be interviewed ahead of the company's annual shareholders meeting on Wednesday, joined Starbucks in 1982, when the coffee chain was tiny and focused mainly on selling coffee beans. After he and a group of investors bought Starbucks for $3.8 million in 1987, it began a rapid expansion that took it from 17 stores that year to 165 by 1992, the year it went public. ... After he and a group of investors bought Starbucks for $3.8 million in 1987, it began a rapid expansion that took it from 17 stores that year to 165 by 1992, the year it went public. ... Today, Starbucks has about 26,000 stores in 75 countries. Last fiscal year, it logged $21.3 billion in revenue and a record $2.8 billion in profit.

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I guess you don't see any immigrants spending $6.50 for a cup of coffee.

#1 | Posted by mysterytoy at 2017-03-19 09:36 PM | Reply

Schultz announces he is stepping down in December because of a comment he didn't make until January?
Logic is a mystery to racist wing dings.

#2 | Posted by bored at 2017-03-19 09:55 PM | Reply | Newsworthy 1

The move, which was announced in December of last year, comes after his vow to hire thousands refugees in response to President Donald Trump's first travel ban appeared to hurt customer sentiment and dent their sales.

#3 | Posted by mysterytoy at 2017-03-19 10:00 PM | Reply

"appeared to hurt customer sentiment and dent their sales."

LMAO. dent their sales

#4 | Posted by mysterytoy at 2017-03-19 10:03 PM | Reply

I call it saying something stupid and losing your job.

#5 | Posted by mysterytoy at 2017-03-19 10:04 PM | Reply

I guess he didn't think his AMERICAN customers would take offense at not hiring Americans.

#6 | Posted by Crassus at 2017-03-19 10:27 PM | Reply

This is also a problem with these corporate managers and beltway politicians, they don't understand that Americans want to work, they are tired of the unfair trade and labor and clearly are beginning to voice it in every way possible.

#7 | Posted by Crassus at 2017-03-19 10:29 PM | Reply

This is also a problem with these corporate managers...

He started with 4 coffee shops in Seattle and now has 25,000 and is worth over $3 Billion.

He might know who wants to work and who doesn't.

#8 | Posted by REDIAL at 2017-03-19 10:42 PM | Reply | Newsworthy 1

After stepping down as CEO, Schultz will remain at Starbucks as executive chairman, focusing on building the company's more premium businesses, including its high-end showpiece Roasteries, and a new line of higher-end Reserve coffee shops.

He'll be succeeded as CEO by Kevin Johnson, Starbucks' president and chief operating officer, who has led much of the day-to-day operations since last July, when the company said Schultz would be concentrating his efforts on long-term global strategy and innovation."

www.seattletimes.com

Again the fake right-wing news strikes again by adding a narrative to a story line that just doesn't exist. And who believes it? So predictable.

Sad!

;)

#9 | Posted by YAV at 2017-03-19 11:17 PM | Reply | Newsworthy 3

Headline corrected... #10 POSTED BY RCADE

And it wouldn't be all too unsurprising to me either. I've been speculating about Schultz possibly running for a political office ever since he wrote an "open letter" regarding political rhetoric and narrative back in mid-DNC primary season, 2016. My most recent post on the matter:
my money on "most likely" for a Democrat outside-the-box candidate is the guy who resigned as CEO of Starbucks (Howard Schultz), because he's been flirting with getting involved in politics for about 6 years now.
#2 | POSTED BY GONOLES AT 2017-03-01 12:13 PM

#11 | Posted by GOnoles92 at 2017-03-20 11:57 AM | Reply

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I can just see Trump campaigning against Howard Schultz in 2020 now.
Trump: George W. Bush and I have proven that businessmen make bad Presidents. Now the Democrats want to elect Mr. Coffee? Sad.

#12 | Posted by johnny_hotsauce at 2017-03-20 02:47 PM | Reply

He shouldn't run.

Dems dont swoon over the billionaire types like repubs do.

We want a person with a track record of being right about everything and fighting for the people, like sanders had.

And apparently that person can't be a white male, because then a huge chunk of dem voters will stay home.

#13 | Posted by SpeakSoftly at 2017-03-20 07:58 PM | Reply

Liberal fad thats why we dont see them here and they cant expand into real America outside the cities only liberals buy this overpriced crap.

#14 | Posted by tmaster at 2017-03-21 08:21 AM | Reply

thats why we dont see them here

Only an idiot would expand their stores to a place where people can't afford their product.

#15 | Posted by REDIAL at 2017-03-21 08:25 AM | Reply

thats why we dont see them here and they cant expand into real America outside the cities only liberals buy this overpriced crap.

#14 | POSTED BY TMASTER

More than 80% of Americans live in cities. You're living in your own private Idaho.

#16 | Posted by johnny_hotsauce at 2017-03-21 11:32 AM | Reply

You don't see them there because everybody who lives there works in the city and only sleeps THERE because except for a few farmers and gas station attendants THE JOBS ARE ALL IN THE CITIES which is why everyone leaves the farm at age 17 AND MOVE TO THE CITY.

Your town is small BECAUSE NOBODY WANTS TO LIVE THERE

#17 | Posted by hatter5183 at 2017-03-21 05:48 PM | Reply

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