Longtime Starbucks CEO Howard Schultz announced that he will step down from the company in the next month after he pledged to hire 10,000 refugees.
His decision was heavily weighted by the fact that he previously pledged to hire 10,000 refugees at the company, all in an effort to make President Trump look bad.
Schultz’s decision to engage in politics alienated many Starbucks customers and caused the company’s stock to lose value.
Credit Suisse suggested that the coffee giant’s decision to engage in politics had a negative impact on the company’s sales, their image, and said that it will probably hurt them in the future.
Schultz will be replaced as CEO by Kevin Johnson, Starbuck’s chief operating officer, on April 3, 2017.
Shame on Starbucks for trying to go against Trump and making it seem like his Muslim travel ban is wrong. Trump is trying to protect the United States and Schultz went out of his way to antagonize the president.
More American companies need to get behind Trump and the fact that he is looking out for America first.