Starbucks Corporations' (SBUX) CEO Howard Schultz Hosts 2017 Annual Meeting of Shareholders (Transcript)

Mar. 22, 2017 9:01 PM ETStarbucks Corporation (SBUX)3 Comments
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Starbucks Corporation (NASDAQ:SBUX) 2017 Annual Meeting of Shareholders March 22, 2017 1:00 PM ET

Executives

Howard Schultz - Chairman and CEO

Kevin Johnson - President and Chief Operating Officer

Gerri Martin-Flickinger - Executive Vice President, Chief Technology Officer

Molly Liu - VP of Digital Ventures, China

Leon Bridges - Artist/Singer

Lucy Helm - Executive Vice President, General Counsel and Secretary

Analysts

Jan Drago - Shareholder

Justin Danhof - National Center for Public Policy Research

Howard Schultz

Good morning. And welcome to the Starbucks’ Annual Meeting of our Shareholders, our 25th as a public Company. And as you now know my last as CEO. Let me begin by thanking the Seattle Recruiting Battalion color guard representing United States Army and the Starbucks’ quire, please given them a nice round of applause.

There are a number of important guests I’d just to acknowledge and recognize. Our entire Board is here this morning. We’ll introduce them formally in a little while. But I would like to introduce and recognize our three new Directors and ask them to stand. Satya Nadella, the CEO of Microsoft; Rosalind Brewer, the former CEO and President Sam’s Club; and Jørgen Vig Knudstorp, the Head of the LEGO Group. We had a Board meeting yesterday and Board dinner, and they weren’t shy, they were right in there. And the three of you are going to add so much value to the Company. Thank you very much for becoming part of Starbucks family. Thank you.

27 years ago, when a young brash kid from New York was trying to raise money for a coffee company that was not succeeding in Chicago, people did not pronounced the Italian names in our menu. Not a lot of people were willing to invest in our Company, and 27 years ago one venture capital stood up and he

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