Will Starbucks’ Political Meddling Hurt Its Stock Price?

Is Starbucks bring people down with its meddling?

Starbuck’s outgoing CEO can’t help himself.

Howard Schultz has already resigned from the coffee retailer and will be stepping down in April of this year.

Schultz, a Hillary Clinton supporter who was “shocked” by Donald Trump’s victory, has made a point of publically opposing the new president’s policies through the use of Starbuck’s internal policies.

Over the weekend, Schultz announced his plan to have Starbucks hire 10,000 refugees over the next five years.

The announcement was in direct response to President Trump’s temporary travel bans for non-citizens from known terrorist nations.

On Sunday, Schultz released a statement announcing the plan while writing, “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.”

Starbuck’s stock price is down .8% in today’s trading after a recent loss of over 5%.

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