New York -- Howard Schultz, founder and CEO of Starbucks Coffee Company, has never been one to shy away from taking a stand. Last week, at the chain’s annual meeting of shareholders in Seattle, one shareholder questioned Schultz over the company’s support of same-sex marriage, including the same-sex marriage referendum in the state of Washington.
Shareholder Tom Strobhar, who is a founder of the Corporate Morality Action Center, made his displeasure known regarding Starbucks’ support for marriage equality, claiming that a resulting boycott had affected Starbucks' bottom line.
“In the first full quarter after this boycott was announced, our sales and our earnings — shall we say politely — were a bit disappointing,” said Strobhar.
Schultz explained that the company’s support of same-sex marriage had nothing to do with economics but instead was about respecting