Starbucks and its CEO Howard Schultz are known well for wading in to divisive political issues and in support for liberal candidates like Hillary Clinton, yet it never seems to cost them significantly in either sales or stock price.
Even when Schultz told shareholders to sell if they don’t agree with corporation stances on issues like gay marriage, customers and investors have largely stuck around.
That trend likely won’t change after the latest controversial stance that Schultz took, utilizing the policies of the company he leads (until early April, when he steps down) to advance his political goals. But some cracks are showing with this one.
Last month Schultz announced the company would hire 10,000 refugees in its stores around the world, after President Trump’s executive order that temporarily prohibited visits from citizens of seven nations that showed a heightened terror threat to …
When it comes to President Donald Trump and knee-jerk reactions to policy decisions without gathering all the facts, it seems the mostly liberal CEOs of the best-known Silicon Valley companies can’t help themselves. They would rather shoot from the lip first, taking their cues from all the president’s leftist enemies, instead of gathering all the evidence and speaking responsibly on the issues – if at all.
It happened again over the weekend, this time in response to the President’s executive order that temporarily suspended the admission of foreign nationals into the United States from seven countries – Iraq, Syria, Iran, Libya, Somalia, Sudan and Yemen – which are viewed as sources of potential threats, based upon security reviews by Obama administration officials. The reason for the suspension, Trump explained, is so appropriate security agencies that normally screen foreign nationals entering the country would have the time and …
Eric Schmidt, the executive chairman of Google’s parent company Alphabet, told Google employees last week that the Trump administration is “going to do evil things as they have done in the immigration area and perhaps some others.” Schmidt is putting Google’s money where his mouth is by contributing $2 million to the American Civil Liberties Union and three other groups opposing Trump immigration policies.
It is ironic that a new Google policy that allows the company to collect even more information on users is getting far less attention. The new policy is only the latest evidence that Google, and sister companies like YouTube, represent an increasingly serious threat not only to personal privacy but also to civil liberties.
Privacy advocates have raised the alarm about the new policy that was launched in June under the guise of empowering users to see what information Google …