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'Socially Responsible' Fund Drops Starbucks (No longer politically correct)
WFTV ^
| 3/24/05
Posted on 03/24/2005 9:48:09 AM PST by KidGlock
'Socially Responsible' Fund Drops Starbucks
Pax World Funds Sold Starbucks Shares Worth $23.4 Million
POSTED: 9:36 am EST March 24, 2005 UPDATED: 9:57 am EST March 24, 2005
SEATTLE -- Starbucks is no longer considered socially responsible by a mutual fund company for ethical investors.
Pax World Funds is disappointed that the coffee chain has taken up with Jim Beam.
Their distribution agreement for a coffee-based liqueur has led Pax to divest itself of 375,000 shares of Starbucks worth more than $23 million.
Pax had liked Starbucks' record on the environment, and the way it treats employees. But the fund family said it has to follow its standards to avoid companies in the liquor business.
Pax said it steers clear of companies involved in defense or weapons, tobacco, liquor or gambling.
Starbucks said it was disappointed in the decision. It said the Starbucks liqueur is aimed at adult buyers in bars and restaurants and is not sold in its coffee shops.
TOPICS: News/Current Events
KEYWORDS: alcohol; mutualfunds; starbucks
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To: cyborg
If you've never had Tim Horton coffee, you've probably never had Timbits either. Junky food, but yummy with coffee.
21
posted on
03/24/2005 10:33:01 AM PST
by
Petronski
(If Reichskanzler Greer can kill Terri, who will be next?)
To: KidGlock
22
posted on
03/24/2005 10:33:37 AM PST
by
ThinkDifferent
(These pretzels are making me thirsty)
To: KidGlock
Starbucks taste like coffee sent through used motor oil...the worst
23
posted on
03/24/2005 10:33:53 AM PST
by
smith288
(Peace at all cost makes for tyranny free of charge...)
To: ThinkDifferent
That's hilarious.
24
posted on
03/24/2005 10:35:07 AM PST
by
Petronski
(If Reichskanzler Greer can kill Terri, who will be next?)
To: cyborg
Green tea is better for you!
:-)
( I have all sorts of bad habits! LOL! )
25
posted on
03/24/2005 10:36:16 AM PST
by
tiamat
(Some days, it's not even worth chewing through the restraints.)
To: Petronski
Get behind me Satan with your naughty junk food temptation :o)
26
posted on
03/24/2005 10:36:41 AM PST
by
cyborg
(Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
To: Petronski
I've never noticed those before!
(I hit the drive-through and only for coffee)
Little tiny donuts?
27
posted on
03/24/2005 10:37:43 AM PST
by
tiamat
(Some days, it's not even worth chewing through the restraints.)
To: Maceman
My wife loves Starbucks, white chocolate latte or some such. I've ordered their plain coffee and can get better at IHOP or Waffle House.
28
posted on
03/24/2005 10:38:09 AM PST
by
ladtx
( "Remember your regiment and follow your officers." Captain Charles May, 2d Dragoons, 9 May 1846)
To: tiamat
Donut holes, basically. Little fried balls of dough, some jelly-filled, some smothered in sugar.
Absolute garbage, but so gosh-darned tasty!
29
posted on
03/24/2005 10:39:08 AM PST
by
Petronski
(If Reichskanzler Greer can kill Terri, who will be next?)
To: cyborg
30
posted on
03/24/2005 10:39:42 AM PST
by
Petronski
(If Reichskanzler Greer can kill Terri, who will be next?)
To: Petronski; cyborg
Thank you!
Unlike cyborg, I'm a Bad Girl and will eat all sorts of terrible things!
31
posted on
03/24/2005 10:43:48 AM PST
by
tiamat
(Some days, it's not even worth chewing through the restraints.)
To: tiamat
LOL out of sight, off the hips ;o)
32
posted on
03/24/2005 10:44:28 AM PST
by
cyborg
(Sudanese refugee,"Mr.Schiavo I disagree with your opinion about not feeling pain when you starve.")
To: cyborg
I've got about ten pounds of winter weight I need to shed, but once the weather gets better, I'll be running around more.
Until then, I'll eat your share of the donuts!
:-)
33
posted on
03/24/2005 10:47:46 AM PST
by
tiamat
(Some days, it's not even worth chewing through the restraints.)
To: tiamat
Yeah, just going into the Starbucks at Barnes & Noble will brand you a "bad boy" here in Utah!
34
posted on
03/24/2005 10:48:42 AM PST
by
hunter112
(Total victory, both in the USA and the Middle East!)
To: hunter112
A "Coffee House Cowboy", huh?
35
posted on
03/24/2005 10:51:28 AM PST
by
tiamat
(Some days, it's not even worth chewing through the restraints.)
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