Connect with us

Business and Economy

Hometown protest greets Schultz as he eyes 2020 bid

Published

on

“Grande ego. Venti mistake”: That was the message protesters had for former Starbucks CEO Howard Schultz as he returned to his hometown of Seattle on Thursday after announcing that he’s mulling an independent run for president. (File Photo: Howard Schultz/Facebook)

SEATTLE — “Grande ego. Venti mistake”: That was the message protesters had for former Starbucks CEO Howard Schultz as he returned to his hometown of Seattle on Thursday after announcing that he’s mulling an independent run for president.

Several dozen protesters gathered outside a downtown theatre before Schultz appeared to promote his new book. They included Democrats who fret his candidacy would hand President Donald Trump another term, and green-and-gold-bedecked basketball fans who haven’t forgiven him for selling the Seattle SuperSonics to a group that moved the team to Oklahoma City more than a decade ago.

“The way he dealt with the Sonics shows a huge fault in his character,” said Farheen Siddiqui, 26, who wore a team jersey to the protest. “He acted like a child who was not getting his way.”

Inside, though, he got a warmer reception, with hearty applause from a crowd of more than 1,000 as he was introduced.

“I’m a fan of everything Howard’s done with Starbucks,” said Annie Peters, of Bellevue. “He obviously cares about people but has done a great job building the business as well. I’ve been waiting for someone like him to run.”

The 65-year-old billionaire and Democratic donor, who stepped down as Starbucks chairman last June, has been on a tour of talk shows and news interviews the past few days, coinciding with the release of his latest book, “From the Ground Up: A Journey to Reimagine the Promise of America.”

He said he doesn’t intend to decide whether to run for president for several months, but the reaction from prominent Democrats has been swift. Washington Gov. Jay Inslee, the party chairwoman in Washington state, top advisers to former President Barack Obama and the most powerful political action committee in Democratic politics are among those who have criticized him, saying an independent bid would likely split the opposition to Trump and make his re-election more likely.

The protesters outside his talk Thursday chanted: “Pick a party.” Some carried signs decorated like Starbucks cups that read “Compost your campaign” and “Grande ego. Venti mistake” — a reference to the Italian names for drink sizes at the coffee chain.

Schultz promised the crowd, “I will do nothing on any level to proceed if I thought I would in any way persuade Americans to vote and re-elect Donald Trump.”

In Seattle, where 92 per cent of voters cast ballots against Trump in 2016, helping get him re-elected might be even less popular than selling off a beloved sports franchise.

Chris Petzold, a Democratic activist from the Seattle suburb of Issaquah, organized the protest Thursday. She said she remains sad about the Sonics departure, but the protest isn’t about that.

“Now is not the time to risk getting another four years with Donald Trump as president,” Petzold said. “If you want to fix it, why not fix it from within the system, instead of being your arrogant billionaire self? He’s just buying his way into this.”

Schultz has repeatedly said he doesn’t want to be responsible for Trump’s re-election, but that he believes there is a way to unite a significant portion of the public that identifies with neither major party.

In an opinion piece published Wednesday in The Seattle Times, Schultz acknowledged that he has a “complicated” relationship with Seattle, a city he first fell in love with during a visit to Pike Place Market in 1981. It’s the city where he grew a small coffee-roasting company into an inescapable global chain, where he and his wife raised their two children, and where the couple still lives.

Along the way he made Starbucks one of the first U.S. companies to offer stock options and health insurance even to part-time employees; more recently, it partnered with Arizona State University to cover tuition for workers who want to earn their bachelor’s degrees online.

In 2001, Schultz led a group of investors in buying the Sonics and the WNBA’s Seattle Storm for $200 million. Due partly to an unfavourable lease deal and the small size of KeyArena, where the team played, the Sonics were losing millions of dollars a year.

After being rebuffed by the Legislature in his efforts to win public funding to remodel the venue, Schultz sold the team for $350 million to the group that moved it to Oklahoma City and renamed it the Thunder. The Sonics were Seattle’s oldest professional sports franchise and the first Seattle team to win a national title since the Seattle Metropolitans won hockey’s Stanley Cup in 1917.

In his Seattle Times piece, Schultz apologized.

“I was so focused on getting myself and others out of a money-losing situation that I made a bad choice and failed to follow a principle that helped me grow Starbucks, which is to try to balance profit with humanity,” he wrote. “Selling the Sonics is the biggest regret of my professional life. … I do not expect my actions to be forgiven or forgotten.”

Some Sonics fans considered the apology long overdue — not to mention suspect, given that it coincided with the announcement of his presidential musings.

Schultz’s politics aren’t necessarily going to win him many fans in his liberal hometown, either.

In Seattle, voters rarely see a tax increase they don’t like; Schultz has called for entitlement reform and branded the calls of Sen. Elizabeth Warren and other Democrats for big tax increases on the ultra-rich “ridiculous.”

Seattle was one of the first U.S. cities to approve a $15-an-hour minimum wage; Schultz opposed it, fearing it would cost jobs. The law remains popular, and economists say it has raised pay without any real impact on employment.

Schultz’s consideration of a presidential run even drew a rebuke from a fellow Seattle billionaire, early Amazon investor and outspoken liberal Nick Hanauer.

“What Howard calls ‘centrism’ is just trickle-down economics—tax cuts for the rich, de-regulation for the powerful, and wage suppression for everyone else,” Hanauer tweeted.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Entertainment4 hours ago

“ASAP Natin ‘To” features grad acts from Gary, Martin, Regine, Kim, Joshua, Janella and many more

Plus exciting dance performances from Jake, Chie, Jackie, and Loisa   Rewind your favorite acts from singing icons Gary Valenciano,...

ICC Headquarters ICC Headquarters
News4 hours ago

US hostility towards the ICC is nothing new – it supports the court only when it suits American interests

This week, the prosecutor of the International Criminal Court (ICC) applied for arrest warrants for three Hamas leaders, as well...

Instagram4 hours ago

‘Woke’ and ‘gaslight’ don’t mean what you think they do – here’s why that’s a problem

Words and phrases change their meaning often as language evolves. In the past, something was “awful” if it was amazing...

Environment & Nature4 hours ago

Hurricane forecast points to a dangerous 2024 Atlantic season, with La Niña and a persistently warm ocean teaming up to power fierce storms

The U.S. is in for another busy hurricane season. Here are hurricanes Irma, Jose and Katia in 2017. NOAA  ...

Canada News4 hours ago

Vaping in schools: Ontario’s $30 million for surveillance and security won’t address student needs

Ontario’s recent education budget announced a “back to basics” funding formula, which includes $30 million to install vape detectors and...

Canada News4 hours ago

What the International Criminal Court’s anticipated arrest warrants against Netanyahu and Hamas leaders mean for Canada

  On May 20, Karim Khan, prosecutor of the International Criminal Court (ICC), announced that he has applied for arrest...

News4 hours ago

How Modi is using TV, film and social media to sway voters in India’s election

  As the world’s largest electorate goes to the polls in India, political parties are seeking to sway voters through...

Canada News4 hours ago

Ontario auto insurance reforms offer no real “choice” for low-wage workers

When the Ontario government released its 2024 budget at the end of March, it included few new affordability measures for...

Canada News4 hours ago

Aupaluk residents fed up with lack of safe drinking water

By Samuel Wat · CBC News  Rebecca Wynn describes what she sees coming out of her taps in Aupaluk, Que. as “yellow, pee-ish...

Canada News5 hours ago

Arviat, Nunavut airport reopens after major fuel spill

By Mah Noor Mubarik · CBC News The leak was caused by a fuel system failure, Nunavut government says Passengers are now...

WordPress Ads