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
Biden Discussed Plans To Strike Iranian Nuclear Sites
Take Action NowA strike on Iran now would create massive turmoil ahead of the administration change.By Barak Ravid, Axios White…
Defeating The Oligarchs Won’t Be Easy — But We Must
Take Action NowIf there was ever a moment when progressives needed to communicate our vision to the people of our country, this is that time.…
He Leaked Trump’s Tax Returns. Will Biden Protect Him?
Take Action NowTax experts say IRS whistleblower Charles Littlejohn’s leaks provided a public service — and fear Trump will take……
Congress Members Face A Lawsuit For Funding War In Gaza
Take Action NowIn a novel approach, activists are suing members of Congress for funding Israel’s onslaught in Gaza.By…