– Credit Suisse: Customer Blowback Over Starbucks’ Refugee Hiring Spree Could Crush Same Store Sales
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Starbucks
Starbucks Takes Venti Deuce On Unemployed Citizens, Pledges To Hire 10,000 Refugees Worldwide – Boycott Ensues
In protest of President Trump’s Executive Order on immigration, Starbucks – the employee abusing, non-organic Milk using, GMO Peddling, TPP Table Sitting, Ethiopian farmer screwing coffee company has decided to try it’s hand at “Conscious Capitalism” by announcing a plan to hire 10,000 refugees worldwide over the next 5 years – depriving jobs to 10,000 citizens across the globe.
This isn’t the first time Starbucks and Trump have been at odds;
Trump’s relationship with the coffee company is complicated, to say the least. Starbucks CEO Howard Schultz endorsed Hillary Clinton during the 2016 election, whereas Trump once told supporters to boycott the company because they didn’t say “Christmas” on their red cups for the holiday season…
In what may be a response, Trump supporters are using the hashtag #TrumpCup to taunt Starbucks employees and make them call out the President-elect’s name –Mediaite
Sunday’s announcement on refugee hires, made in a letter to employees, has been met with fierce backlash, as well as many committing to switch to Dunkin’ Donuts, whose shares were up today. The hashtag #BoycottStarbucks is predictably making it’s way around Twitter, which has of course resulted in hilarity – including a new nickname with several contenders for the logo.
And of course, there’s Twitter:
Starbucks Tried to Buy Me Off (Video)
18.11.2016
Description:
Starbucks tried to buy my silence? The coffee giant wanted to buy the rights to my video denouncing them and their liberal CEO and social justice warrior agenda. Mark Dice explains the details.
H/t reader squodgy.
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Something “Unexpected” Happened After Starbucks Raised Minimum Wages
– Something “Unexpected” Happened After Starbucks Raised Minimum Wages:
One year ago, when the political push to raise the minimum wage hit a crescendo, the CEO of Starbucks had some words of caution. Howard Schultz told CNN that minimum wage “should go up across the country”, however he warned that “it will be very difficult for small business in the country at a $15 level to pay those kinds of wages.” What about for his own company? “For Starbucks come January 1 we are taking wages up across the country and we will pay above the minimum wage in every state we operate. Starbucks is way above the minimum wage. I have always looked at total compensation.”
His conclusion: “I have always believed that our success as a company is best shared.”
One year later, something “unexpected” has happened as a result of the Schultz’ all too eager push to “share” his company’s success by hiking minimum wages, namely the realization by the company’s employees (if not so much the CEO, management and certainly shareholders) that total compensation is a function of two things: hourly wages and number of hours worked.
As Reuters reports, an online petition accusing Starbucks of “extreme” cutbacks in work hours at its U.S. cafes, hurting both employee morale and customer service, has been signed by more than 9,000 people. Suddenly Starbucks’ eagerness to raise its wages becomes all too clear: after all, it would merely have to reduce work hours, to keep profitability humming.
Read moreSomething “Unexpected” Happened After Starbucks Raised Minimum Wages
Starbucks holds more customer money than many bank deposits
– Starbucks holds more customer money than many bank deposits:
US coffeehouse chain Starbucks has $1.2 billion of customers’ cash stored on company cards and mobile apps in the first quarter this year, according to S&P Global Market Intelligence.Using apps and cards Starbucks customers can purchase items including drinks, food and other merchandise without cash.
Starbucks and Paypal have more customer money on cards and accounts than many banks have in deposits. #fintechpic.twitter.com/OA0Bkus92x
— Theo Priestley (@ITredux) June 10, 2016
The company reported that in the second quarter 41 percent of transactions in the US and Canada are conducted using Starbucks cards with 24 percent of purchases paid via mobile apps. The corporation has gained 12 million active loyalty members in the US from April through June.
Read moreStarbucks holds more customer money than many bank deposits
9 Reasons To Avoid Starbucks’ Fake Pumpkin Latte
– 9 Reasons to Avoid Starbucks’ Fake Pumpkin Latte (Natural Society, Oct 4, 2014):
Starbucks Pumpkin lattes have been selling like hotcakes. In fact, Starbucks CEO Howard Schultz recently said that pumpkin lattes ‘still rank as its most popular seasonal beverage.” Starbucks’ Chief Financial Officer Troy Alstead confided,”We are continually, frankly, even amazed internally at its ability to keep driving its proposition, comping over itself every year.”
In fact, Starbucks has sold more than 200 million pumpkin lattes to date. But are the lattes made with high quality ingredients? Are they even remotely healthy? Unfortunately, you need to be a food detective to figure out the answer to those questions. The coffee kingpin refuses to post its drinks’ ingredients list online; they only post their food ingredients.
Let’s take a moment to look under the hood and examine the actual ingredients that go into Starbuck’s bestselling, cult favorite, Pumpkin Spice Latte.
Panic In DC As Starbucks’ Schultz Calls For CEO Boycott Of Campaign Donations, Urges Americans To Go On Strike Against Their Politicians!
– Panic In DC As Starbucks’ Schultz Calls For CEO Boycott Of Campaign Donations, Urges Americans To Go On Strike Against Their Politicians (ZeroHedge, Aug 15, 2011):
In today’s most underreported news of the day, which could potentially have the biggest impact on the future of America, none other than America’s CEOs, or at least one of them: Starbucks’ Howard Schultz, has mass blasted an email to fellow CEOs asking for a consensual boycott on donating to political campaigns in order to encourage the nation’s muppets, elsewhere idiotically called “leaders”, to solve America’s budget and debt impasse. Bloomberg quotes from the CEO’s e-mail to business leaders: “I am asking that all of us forego political contributions until the Congress and the President return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people.“ Cue panic, terror, homicidal and suicidal screeching, and overall sheer existential angst in D.C., whose critters suddenly face the nightmare scenario of having no corporate bribes, period, until they get to do their job.