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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Starbucks CEO Wants Hillary Clinton to Be President

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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September 7, 2016, 9:56 AM ET
SEATTLE, WA - MARCH 18: Starbucks Chairman and CEO Howard Schultz talks about the company's goal to hire 10,000 military veteran's and military spouses during the Starbucks annual shareholders meeting March 18, 2015 in Seattle, Washington. Schultz also announced a 2-for-1 stock split, the sixth in the company's history, during the meeting. (Stephen Brashear/Getty Images)
HOWARD SCHULTZ, CHAIRMAN AND CEO OF STARBUCKS ALIX COLOW. PICK UP. Stephen Brashear/Getty Images)Photograph by Stephen Brashear — Getty Images
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Howard Schultz, CEO of coffee giant Starbucks, has officially endorsed Hillary Clinton for president.

Schultz told CNNMoney in an interview Wednesday morning that he is backing the Democratic candidate, and that he remains optimistic about the future of America, despite what he sees as an effort by politicians and the media to paint the nation with “cloudiness and despair.”

“I’m hopeful that after the election—and hopefully Hillary Clinton will be elected president—that we will begin to see a level of unity and people coming together,” Schultz told CNNMoney’s Poppy Harlow in a sit-down interview. When asked if he had officially backed Clinton with that statement, the CEO responded “I guess I just did.”

Schultz has always been vocal about broader social and political issues, more so than most corporate leaders. And he’s often brought up the election during Starbucks’ (SBUX) quarterly conference calls with analysts. This summer, Schultz said every brand was facing challenges as consumers confronted a “very uncertain election,” and earlier this year he told a group of employees that the election had become “almost a circus of yelling bombastic attacks, of a lack of respect, of a lack of dignity.”

“I think we are all rightfully concerned about the promise of the country and the America dream,” Schultz said Wednesday’s interview.

 

His endorsement is one of many Clinton has earned from some of America’s top business leaders. Other prominent backers include Berkshire Hathaway’s (BRK-A) chairman and CEO Warren Buffett, Facebook (FB) chief operating officer Sheryl Sandberg, and even Hewlett Packard Enterprise (HPE) CEO Meg Whitman, who’s a Republican.

The backing from Schultz also comes at a time when the polls show the race between Clinton and Republican businessman Donald Trump is tightening and looking close to even according a poll released by CNN this week.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Fortune and author of Fortune’s CIO Intelligence newsletter.

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