Earlier this week I posted about the Starbucks shareholder meeting at which CEO Howard Schultz told shareholder Tom Strobhar to sell his shares if he’s disappointed with the company’s support for marriage equality.
Now here’s video of some of Schultz’s remarks. Watch it, AFTER THE JUMP…
What Strobhar said as reported by KPLU: “In the first fill quarter after this boycott was announced, our sales and our earrings — shall we say politely — were a bit disappointing.”
Schultz responded by saying not every decision the company makes is an economic one: “The lens we use to make decisions is the lens of our people. We want to embrace diversity…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.”
As you can see by the thunderous cheering and applause, shareholders were overwhelmingly on Schultz’s side of the issue.