Seeking Alpha

Starbucks (SBUX +2.2%) CEO Howard Schultz calls on other firms to stop political contributions...

Starbucks (SBUX +2.2%) CEO Howard Schultz calls on other firms to stop political contributions to candidates until a long-term debt and deficit solution is delivered, according to an email obtained by Bloomberg News. Last week, it was SBUX employees Schultz called on to forego political donations.
Comments (6)
  • Windsun33
    , contributor
    Comments (4276) | Send Message
    This might actually hit the politicians where it hurts and get some attention if it spreads.
    15 Aug 2011, 02:46 PM Reply Like
  • Escarlata
    , contributor
    Comments (2) | Send Message
    Excellent idea! I totally support it!!
    15 Aug 2011, 02:53 PM Reply Like
  • richin10
    , contributor
    Comments (74) | Send Message
    It's a moronic idea. The debt/deficit problem is a problem that needs to be resolved. The purpose of political contributions is to get the people who represent your point of view the money they need to get elected. I am in the camp that a credit limit increase of 75 times WITHOUT an end in site is too many, and we must STOP SPENDING so much -I will continue to contribute.


    P.S. - If you are in the camp that says no -we need more tax money so we can continue to spend spend spend - by all means -you should stop contributing.
    15 Aug 2011, 03:15 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3530) | Send Message
    "It's a moronic idea."


    Not really. The bulk of contributions go to incumbents so it would be those in office, not the upstarts, who would be hurt more. And every candidate has a base of support outside of the corporate and PAC contributions so this would tend to even the playing field.
    15 Aug 2011, 03:30 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
    Money talks. Which is pathetic for supposed public servants and leaders.
    15 Aug 2011, 03:25 PM Reply Like
  • Perkins Cove
    , contributor
    Comments (629) | Send Message
    Politicians should wear uniforms like Nascar. That way we could tell who is supporting them.
    25 Aug 2011, 08:18 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: