The company quietly told investors that its profits are threatened by its public crusade against the labor movement.
By David Sirota, The Lever
As Starbucks tries to crush a growing union drive among its workers, the company’s executives quietly admitted to investors that their anti-labor activities may destroy the coffee giant’s profits.
In the fine print of the company’s recent government filings, Starbucks first admits that “our wages and benefits programs may be insufficient,” but then slams unions, saying if labor organizing is successful “our labor costs could increase and our business could be negatively affected.”
Then the company made a stunning admission: “Our responses to any union organizing efforts could negatively impact how our brand is perceived and have adverse effects on our business, including on our financial results.”
Starbucks’ billionaire CEO Howard Schultz has been spearheading a public crusade to stop unionization…
Recent Posts
Schumer, Jeffries Refuse to Join Democrats’ Growing Calls to Slash ICE Spending
Take Action Now “I just don’t understand how we provide votes for a bill that funds the extent of the depravity,” said Sen. Chris Murphy.By Julia…
Billionaire’s Mouthpiece Searches For Reasons To Avoid Taxing Billionaires
Take Action Now California is considering a referendum on whether to impose a one-time wealth tax on the state’s billionaires.By Jim Naureckas,…
All Democratic Presidential Candidates In 2028 Should Commit To Dismantling ICE
Take Action Now Since its inception, ICE has been designed to conflate issues of immigration with terrorist threats against the U.S.By Sam…
Trump Cuts Billions In Federal Childcare Funds For Democratic-Led States After Minnesota Fraud Scandal
Take Action Now Administration cites welfare fraud allegations as advocates and state leaders warn of political retaliation and sweeping harm to…