Starbucks CEO Schultz Plans to Hire 10,000 Refugees After Trump Ban

Starbucks Chief Executive Officer Howard Schultz said on Sunday that the company planned to hire 10,000 refugees over five years in 75 countries, two days after U.S. President Donald Trump’s executive order banning refugees from certain countries. Trump on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries, saying the moves would help protect Americans from terrorist attacks.

Starbucks CEO pledges to hire 10,000 refugees globally

Starbucks has pledged to hire 10,000 refugees globally over the next five years, in response to US President Donald Trump’s recent immigration ban . In an open letter to staff, chief executive Howard Mr Schultz said the president’s order had caused “confusion, surprise and opposition”.

Starbucks to hire 10,000 refugees over next 5 years

Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump’s indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations. Howard Schultz, the coffee retailer’s chairman and CEO, said in a letter to employees Sunday that the hiring would apply to stores worldwide and the effort would start in the United States where the focus would be on hiring immigrants “who have served with U.S. troops as interpreters and support personnel.”

Starbucks CEO Howard Schultz Stands Up to Trump, Wants to Hire 10,000 Refugees

Never one to refrain from speaking out on political issues, Starbucks CEO Howard Schultz took to his soap box on Sunday evening and fired back at the Trump administration following its controversial immigration ban. “I write to you today with deep concern, a heavy heart and a resolute promise,” Schultz said in a new blog post , adding, “We are living in an unprecedented time, one in which we are witness to the conscience of our country, and the promise of the American Dream, being called into question.”

4 Must-See, New Quotes From Starbucks Management

During the call, management gave investors insight into the company’s congestion problem, ongoing digital flywheel efforts, and success in China. While the market has focused on Starbucks’ lower-than-expected global same-store sales growth in its first quarter, it’s worth noting that the figure — at 3% — is still solid, particularly amid a challenging environment for restaurants and retailers.

Futures Head Lower, Asia Mixed as Investors Mull Trump

All eyes will be on the Republicans and President Trump on Friday as a strategy session ends and the U.K. prime minister lands. Futures for U.S. markets indicated a lower open late Thursday after a turbulent political day and a number of high-profile earnings reports, including Starbucks and Alphabet , that fell short of investor expectations.

Starbucks Sinks Despite Record Holiday Results

Yet even with such an impressive growth history in the rearview mirror, Starbucks still has to demonstrate to investors that it has the capacity to sustain that growth going forward. Coming into Thursday’s fiscal first-quarter financial report, Starbucks investors expected solid gains in revenue and earnings.

Will Starbucks Grow Even Faster in 2017?

The coffee giant revolutionized the coffeehouse industry in the U.S., and along the way, Starbucks has expanded its reach across the globe and has made its presence almost ubiquitous domestically. Yet as investors prepare for Starbucks’ fiscal first-quarter results on Thursday, some worry that the company might start to have difficulty sustaining its past growth rates indefinitely.

Better Buy: Starbucks Corporation vs. Chipotle Mexican Grill, Inc.

A mature restaurant with over 1,000 locations putting up comparable-store sales growth of near 20%? Impossible! And then, the disaster of foodborne illness hit. That has been followed by criminal investigations, plummeting sales, a jettisoning of a co-CEO, and a stock that has lost almost half of its value in little more than a year.

7 Starbucks items that failed spectacularly

Starbucks is constantly coming out with new drinks and products to keep customers coming back again and again for a fresh twist on their caffeine fix. We rounded up some of Starbucks’ biggest fails with the help of Melody Overton, a Seattle attorney who runs the blog StarbucksMelody.com .