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Tue August 16, 2011
Starbucks CEO Howard Schultz calls for a boycott on campaign contributions
Starbucks CEO Howard Schultz wants some change in Washington D.C. and the best way to get it, he says, is by boycotting donations to political campaigns. In an open letter sent to Starbucks on Monday, he urged other company heads to withholding campaign contribution until President Obama and Congress solve the nation’s financial woes.
Schultz- who was last year’s top paid CEO in the Northwest - is also calling on companies to spur economic growth by hiring more employees and to look for opportunities to expand, rather than contract during the downturn.
Arguing that confidence is contagious, he wrote, it’s time for companies to stop waiting on the government to create yet another incentive program or stimulus.