I am sure all the liberal arts grads will be pissed at their jobs being taken.

Starbucks can hire anyone they want. This is a political ploy, which is frankly odd since the people who are going to be salty at this probably aren't big consumers of $5 lattes. Starbucks should focus on their product over these social issues which keep blowing up in their faces (remember the engage in racial discussions fiasco?).

Their coffee is shit anyway. I prefer smaller, local places.

 

I'm throwing this one on the research short list tomorrow... If you watch MSNBC and shop at H&M I doubt you're going to walk in and buy two cups of $5 coffee unless you need an extra one to get you through another protest. But if you voted for the incumbent in the election you're likely so pissed off with this crap by now youre going to get your coffee elsewhere, whether your my girlfriend who spends at least $50 a week at Starbucks or some housewife who likes to get coffee with the gals.

Overwhelming grasp of the obvious.
 

Didn't SBUX miss estimates? Like their big thing was rolling out food and serving alcohol in certain places?

I just wish companies would focus on their core products instead of these social issues. Refuges have been resettled all over this country. It is going to be kind of difficult to hit this number and how many refuges want to serve over priced coffee to hipsters and working professionals?

I just think these social justice companies don't realize they keep digging the hole deeper. This strokes the people who already go there and who already support their policies, but the people in the midwest and rust belt, who gave this election to the Republicans, have got to be seeing this as a slap to their face when they want jobs.

I don't know. I hit SBUX up more times than I want because of proximity, but their shit is ridiculously expensive and not very good. I think smaller coffee shops have caught up to SBUX and their is this buy local movement. Company isn't going anywhere, but I think they've peaked.

 

Starbucks isn't for top notch coffee, its mcdonalds of the coffee world. You can go into any starbucks in the world and order your coffee and it will be the same in NYC as it is in Rocket City.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

This is 10,000 refugees in 75 countries. They have 25,000 stores across the world so this is like 2 out of every 5 Starbucks stores will have 1 refugee.

Either way, people are going to jump to conclusions and assume that this is entirely domestic. They're an international company, and can hire whoever they want. Personally, I think it's a humane and admirable gesture to offer and hopefully it serves to show people that being arbitrarily born within 3.7mm sq. miles of each other is not a hard defined limit for showing compassion.

Curious to see how many of the people pushing the "ALL lives matter" narrative are going to be angry, though.

 

I respect this, not for some altruistic warm and fuzzy, but because I like ballsy privateers that take the world into their own hands. If anyone should give money away, for a social ROI, it's private citizens (whether corporations or individuals). To me, this is similar to Dimon's marketing JPM's initiative to invest $20MM in state high schools for career readiness. The only difference, really, is Dimon's interest in the domestic landscape, while Shultz is a strong lefty liberal. Btw, isn't Shultz reported to have been Hilldog's pick for Labor? I'm sure this has nothing to do with his political aspirations

 

The same place I always get it. I don't pick my coffee places based on political ploys by the CEO.

Starbucks doesn't taste as good as local roasters and somehow is less convenient for me to get to.

Good on Shultz for following through on what he believes though. You don't have to always agree with him to respect it.

Commercial Real Estate Developer
 

I'll get Starbucks on my way to work because it is conveniently located and they make a consistently good product with good customer service. I don't care if they hire refugees or Americans or if they support Democrats or Republicans. Howard Schultz can be a Scientologist for all I care.

As a finance person and a free market believer, I think this is the appropriate view to have. Now, compare this view to the people who want to #DeleteUber because of Travis Kalanick's ties to Donald Trump.

 

I deleted Uber because the customer service was the worst I have ever dealt with. This is a total slap in the face to many of us and it is terrible corporate governance.. Not sure how you can be a "finance person" and agree with making this sort of decision on behalf of shareholders.

Overwhelming grasp of the obvious.
 

Not sure if you know what corporate governance means. It's totally unrelated to customer service. Google and Facebook have relatively bad corporate governance, it doesn't mean that they'll provide bad customer service.

Also, the #DeleteUber movement is related to Travis Kalanick's ties to Donald Trump and their supposed undercutting of the taxi drivers boycott at JFK after Trump's travel ban because Uber offered to take away surge pricing. It has nothing to do with Uber's customer service.

 
George Kush:

I deleted Uber because the customer service was the worst I have ever dealt with. This is a total slap in the face to many of us and it is terrible corporate governance.. Not sure how you can be a "finance person" and agree with making this sort of decision on behalf of shareholders.

Uber could fuck my girlfriend and slap my mother and it would still be a better experience than dealing with cabs

Commercial Real Estate Developer
 
George Kush:
Not sure how you can be a "finance person" and agree with making this sort of decision on behalf of shareholders.

Isn't that a bit like asking how someone can be a Christian and be a finance person?

Matthew 5:42:
Give to the one who asks you, and do not turn away from the one who wants to borrow from you.
Luke 6:34 - 35:
And if you lend to those from whom you expect repayment, what credit is that to you? Even sinners lend to sinners, expecting to be repaid in full. But love your enemies, do good to them, and lend to them without expecting to get anything back. Then your reward will be great, and you will be children of the Most High, because he is kind to the ungrateful and wicked.

Or how someone can be a Christian and be wealthy?

Matthew 19:23:
I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.

Life is more complex than you seem to contemplate.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

And unemployed citizens of all the countries who get 2nd class status in order to get some free publicity.

The vitriol continues to flow. And Trump was only casually brought into this conversation in a neutral way. Props to you for making everything about trump though.

 
<span class=keyword_link><a href=/company/trilantic-north-america>TNA</a></span>:

And unemployed citizens of all the countries who get 2nd class status in order to get some free publicity.

The vitriol continues to flow. And Trump was only casually brought into this conversation in a neutral way. Props to you for making everything about trump though.

Howard Schultz's move is in direct response to trump. There is nothing neutral about it. Kudos to being trump's white knight once again, so glad you came to his rescue

 
TNA:

And unemployed citizens of all the countries who get 2nd class status in order to get some free publicity.

The vitriol continues to flow. And Trump was only casually brought into this conversation in a neutral way. Props to you for making everything about trump though.

In a letter to current employees on Sunday, Schultz said the company would "start this effort here in the U.S. by making the initial focus of our hiring efforts on those individuals who have served with U.S. troops as interpreters and support personnel in the various countries where our military has asked for such support."

Looks like they're starting the efforts in the US, giving jobs to people who have actually had a hand in protecting our freedom - more than you could say about a random unemployed citizen from the middle of the country who probably hasn't even thought about applying to Starbucks, nor would if given the chance.

http://www.npr.org/sections/thetwo-way/2017/01/30/512427887/starbucks-s…

And to your other point, sure not "only" Trump, but if you look into the letter and direct sources from what he said, it's fair to assume that was a big part of them initiating this proposal...

 

Personally I don't think shareholder money should be used to engage in social projects, as it is not up to the management of a company to decide what the goal of the shareholder is. The job of a CEO is to maximize shareholder value. I have no issue with regugees being hired if they are the best fit for the job, but I do object to hiring them just for the sake of hiring them.

 

The VERY easy logic here is that the good publicity from this commitment pushes people to frequent Starbucks more often rather than a (for example) Peet's coffee shop. Additionally, it is pretty ludicrous to assume a marginal 10k employees hired in cashier positions and the like, would affect shareholder value either way.

Array
 

Have you even read corporate responsibility policies lately? There's no automatic distinction between shareholder value and the support of social programs. This idea of dollars=shareholder value is so textbook in a silly, naïve way. Companies are much more dynamic, in a general sense, than collecting purchase receipts and charging invoices. There's actual work that has to be done, and it's even worse today with social media and information being published by the millisecond.

 

Well, actually scientific evidence suggests otherwise. An interesting article you should read: Corporate goodness and shareholder wealth by Philipp Krüger.

The article shows multiple things, among which is how shareholders/markets respond to CSR. When there might be agency problems the market punishes the company engaging in CSR. When there is not it rewards the company.

Companies with possible agency problems regarding CSR are classified as: - companies with lots of excess cash/healthy liquidity positions. Companies that are rewarded for CSR are: - companies with worse liquidity positions.

It is argued that the second category engages in CSR to try and add value, while the first category just squanders money on pet projects the management has.

 

Ok. But that's corporate responsibility policies and you're in M&A and I'm out here trying to bet on shit. I guess the idea of cashflow is silly because I don't see where any of these social initiatives throw off FCF. So I respectfully disagree. I know I'm going to incur more MS over this but I don't care. Haters gonna hate.

Overwhelming grasp of the obvious.
 

While they're at it, I certainly hope that they pay them a living wage - $50/hour should be appropriate. Starbucks - a great company leading the way on social justice - unfortunately still middle of the pack when it comes to product

 
Virginia Tech 4ever:
Muslims hate gays

Do you mean all Muslims? In the same sense that all Christians hate gays?

Those who can, do. Those who can't, post threads about how to do it on WSO.
 
Virginia Tech 4ever:

They'll need to respect the Muslim employees' opinions about women, gays, and Jews. Let's see how fast they freak out when they are reminded that Muslims hate gays. They make conservative Christians look like drag queens.

Remind me never to venture into VA. If you honestly believe and push the narrative that all Muslims hate gays and are unwilling to consider the hypocrisy of how many Christian nations have even went so far as to introduce the (known colloquially) "Kill the Gays bill" - having an adult conversation becomes impossible.

 

Gawd, the hypocrisy of these people. D.C., Los Angeles and New York City have hardly taken in any refugees. The Obama administration threw a disproportionate number of refugees into small, "red" towns. Practically all of Starbucks' hiring will take place in small towns--since the big cities have dodged their responsibility!

I like how the girl who played Blossom said the other day that she is Jewish but would register as a Muslim, except that a key tenet of Islam is fire-breathing anti-Semitism straight from Muhammad's mouth.

Array
 

why would you feed refugees into crowded cities with very high cost of living? That makes no sense. You place them in towns where real estate is reasonable, their dollar goes far, and where a service job like working at a call center can actually be sustainable as far as providing for your family. Logically, small towns with low cost of living are exactly where these refugees need to be.

Array
 

I mean think this through. I agree with you regarding costs, but think about trying to integrate and navigate this country. While rural America is cheaper, you'll probably not find anyone who speaks your native language or people like you who've been in the states long enough to help figure it out.

Cities, while expensive, are designed for foreigners to easily assimilate. And while housing is more expensive, public transportation and people with similar backgrounds makes the transition easier.

I suppose if they were being resettled in medium sized cities it might work though.

 

Cost of living is such a cop out. There are all kinds of people on welfare programs who live in big cities. Instead of putting refugees in places that have demanded the U.S. take in refugees, the Obama administration shoved them into these small towns against their will. How about the hypocritical Democrat politicians in NYC, LA, Chicago, SF, DC, et al actually put their money where their mouths are and try to help rather than just complain about how bad Trump/Republicans are?

BTW, I'm also waiting with bated breath for individual liberal Democrats to offer up their own homes to these refugees. But maybe I shouldn't hold my breath waiting for liberals to not be such rank hypocrites. Democrats are professional Pharisees.

Array
 
Virginia Tech 4ever:
a key tenet of Islam is fire-breathing anti-Semitism straight from Muhammad's mouth

I don't think it's critical to the point your were clumsily trying to make, but I can't help pointing out your misunderstanding of the word "Semite". Muhummad was a Semite. Arabs are Semites. Arabic is a Semitic language. Shalom/salaam!

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

@Virginia Tech 4ever" I'm getting your points all the way up until you stated the following: "...key tenet of Islam is fire-breathing anti-Semitism straight from Muhammad's mouth."

You're completely wrong about this and if you truly believe this is a tenet of Islam then I suggest you put down the Wahhabi rhetoric and read about real Islam.

Islam is much more complex and goes even beyond the Sunni-Shi'a divide that most people think they know about.

 

The stupidity here is unbelievable.. please tell me as a % of the population how many Christians here support violent action against gays vs. how many Muslims over there support violent action against gays, as a % of the population. I dated a Persian girl for quite some time, so I know plenty about the Muslim mentality, Kurdish, Arab, Persian or otherwise. I once saw an Iranian diplomat (might've been the snake-in-the-grass from the nuke deal if I recall correctly) praising Hitler for his vision and brilliance.

What is the difference between some backwoods redneck in Mississippi who has never been exposed to anything other than his point of view and some Brooklyn hipster who has never been exposed to anything other than his point of view? The redneck only needs a TV.

Overwhelming grasp of the obvious.
 

I think they have good intentions but to me it comes off as pretty weak or like they are using this issue to drive some media attention as opposed to actually making an impact. Why not do a program similar to this domestically for the ~1.6m homeless or illegal immigrants instead? Doesn't make much sense to me to do it for an external group when you have people already in the country who could use the help.

"Who am I? I'm the guy that does his job. You must be the other guy."
 
MonkeyWrench:

I think they have good intentions but to me it comes off as pretty weak or like they are using this issue to drive some media attention as opposed to actually making an impact. Why not do a program similar to this domestically for the ~1.6m homeless or illegal immigrants instead? **Doesn't make much sense to me to do it for an external group when you have people already in the country who could use the help**.

The bold is what I keep wondering about and Liberals I talk to don't have an answer. The heart bleeding over refugees makes me sick considering the fact that a majority of these pro-refugee Americans failed to rise up and do anything when there were genocides going on around the world (i.e. Rwanda in the 90s).

Where are the protests against North Korea? Saudi Arabia? Pakistan?

The thing is (and I HATE saying this and hope to GOD it doesn't happen) but all it takes is another attack...you'll see people flip flop in a heartbeat and this emotional outpouring of support for refugees will go away.

I get the fact that we're a nation of immigrants and blah blah blah but we don't owe anybody anything. We owe Iraqi and Afghan translators and those that helped us with the war effort, yes but others...absolutely not.

I saw a 60 Minute episode about how a family of refugees with 5 kids was given a home, the wife and husband were given jobs paying $15/hour.

We have millions of homeless US citizens and veterans who are struggling yet we can manage to help refugees but not those that have been American for a very long time and been apart of our social fabric longer than any of these refugees?

This is what I call Liberal hypocrisy at its finest. And to think people still wonder how the fuck HRC lost...

 

It's a great gesture. One that slings a heap of doo-doo at the faces of those who blame "corporations" for all the world's ills.

I would... but the truth is I can't sell my soul to myself... http://www.investopedia.com/terms/b/blackknight.asp
 

Please just leave religions out of this convo. Most of you sound fucking retarded seriously and are clueless about any of the religions you are talking about. It's funny when you fuckheads speak of idiots being brainwashed by media, yet when it comes to religions you spew exactly what the media tells you. Also it's just too funny when some idiot selectively quotes a couple of verses from the Bible. Come the fuck on? I thought you are more capable of critical thinking?

 
vik2000:

Also it's just too funny when some idiot selectively quotes a couple of verses from the Bible. Come the fuck on? I thought you are more capable of critical thinking?

Fuck off, and go fuck yourself

Overwhelming grasp of the obvious.
 
George Kush:
vik2000:

Also it's just too funny when some idiot selectively quotes a couple of verses from the Bible. Come the fuck on? I thought you are more capable of critical thinking?

Fuck off, and go fuck yourself

lol, your intelligence is possibly below that of a neanderthal. Let's see here:

"I deleted Uber because the customer service was the worst I have ever dealt with. This is a total slap in the face to many of us and it is terrible corporate governance.. Not sure how you can be a "finance person" and agree with making this sort of decision on behalf of shareholders."

Just, fucking, lol. I think you should save that as your signature to remind you constantly how retarded you are. Research Analyst at Hedge Fund? Are you fucking serious? Is your fund based in Nigeria brah? Hey man, you can lie to WSO database, but your dimwit comments don't lie about how moronic you are.

 

I'm not sure how good of a market Detroit is for middle class coffee stores, considering that is where the majority of the refugees have been settled in Starbucks must be really bullish on Detroit.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

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Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne

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