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
The Quiet Way Trump Has Made Life Easier For Polluters
Take Action Now It’s not just about environmental rollbacks: Trump and Lee Zeldin have presided over a striking decline in the EPA enforcing existing…
Coalition Demands Schumer, Jeffries Step Down Over Failure to Fight ‘War-Crazed’ Trump
Take Action Now “Schumer and Jeffries have shown that they cannot be trusted to prevent more wars, more threats of wars, or the transfer of another…
Coalition of Antiwar Groups Launches National Campaign Calling for Jeffries and Schumer to Step Aside from Leadership
Take Action Now “Schumer and Jeffries have failed their party and country through wobbly leadership when firmness and clarity are needed in opposing…
The Bases Basis for the Iran War
Take Action Now The economic impact of this war — through oil, tourism, and otherwise — is likely to continue to rub Gulf nations’ faces in the…