Brewing trouble: Christian group urges stock dump over Starbucks gay marriage support [Excerpts]
Offended by the decision of Starbucks chief Howard Schultz to support gay marriage, a Christian organization is seconding the CEO's demand that Christian shareholders sell their stock in the ubiquitous coffee chain.
"Christians and pro-family groups across the United States have contributed significantly to the economic success of Starbucks," said American Family Association President Tim Wildmon. "However, we can certainly honor Mr. Shultz's request to take our business elsewhere."
At Starbucks' annual meeting last week, shareholder Thomas Strobhar, who runs an organization that opposes gay marriage, criticized the company for supporting same-sex marriage, claiming that taking a public stance on the issue was hurting its bottom line. This came after Starbucks last year backed a bill to legalize the practice in Washington state, which led to the National Organization for Marriage boycotting the coffee chain.
Mr. Schultz then invited those who disagree with the store's support for gay marriage to sell their shares and leave the company.
"If you feel, respectfully, that you can get a higher return than the 38 percent you got last year, it's a free country," Mr. Schultz said at the shareholder meeting. "You can sell your shares of Starbucks and buy shares in another company. Thank you very much."
[TBC: The remarks of Starbucks chief Howard Schultz are an appeal to the greed of humanity. He ducks the moral issue and dangles the “38 percent” return investors in Starbucks received. Any time one stands for a moral issue, there will be a cost to us. “If ye were of the world, the world would love his own: but because ye are not of the world, but I have chosen you out of the world, therefore the world hateth you” (John:15:19).]