Starbucks investor booed for challenging CEO's pledge to hire 10,000 refugees: report
Starbucks investor booed for challenging CEO's pledge to hire 10,000 refugees: report
03/22/17 07:40 PM EDT
A Starbucks investor was reportedly booed Wednesday at an annual shareholders meeting for questioning CEO Howard Schultz’s decision to pledge to hire 10,000 refugees in response to President Trump’s travel ban.
The investor cited Schultz’s open letter from January, responding to Trump's initial executive order with “deep concern “and a “heavy heart."
The investor Justin Danhof invoked a ABC News story about a 2011 State Department halt of visas for Iraq refugees following the arrest of two terrorist-linked members.
“Where was your heavy heart then?” the investor asked Schultz.He continued to question the decision to bring on refugees and suggesting it would hurt the company's brand and finances.
“I have two quick questions: I understand that as you said ‘not every decision is based on economics,’ but economics are a hard reality. So, the first question is how much will investors have to spend so that company can properly vet refugees that the federal government admits it can’t always afford to vet?”
Danhof continued: "And why were you willing to have Starbucks reputation take a beating by attacking President Trump’s executive order when you lacked the courage to speak out against Obama/Clinton travel ban.”
His question was met with boos from the audience, which included Starbucks shareholders, according to Business Insider.
Shultz responded that his decisions for the company were not political.
“If there’s one message that I think, I hope, you came away with today it’s that none of the things we’ve tried to do as a company, which is based on humanity and compassion, is based on politics. But it’s based on principles and our core beliefs,” Schultz said.
He also noted that there's "no evidence" that the move would negatively impact the company.
“I can unequivocally tell you…that there’s zero, absolutely no evidence whatsoever, that there’s any dilution in the Starbucks brand, reputation, or core business as a result of being compassionate,” Schultz said to applause.
http://thehill.com/homenews/news/325...10000-refugees