Anyone hear anything about this?
Claim: Starbucks refused free product to G.I.s serving in Iraq, saying it didn't support the war and anyone in it.
Status: False.
http://www.snopes.com/politics/military/starbucks.asp
I hope not, because Starbucks is one of my best holdings. That stock has been on fire for a few years, right through the Clinton recession and after.
I will hunt around and see what I can find out.
I am surprised by this study because in the past it has been said that coffee, though addictive, is one of the safer substances around. I am not sure that I can live without it, quite frankly.
Anyway, while Starbucks throws a few bones to the environmentalists and labor activists so they'll keep drinking, it behaves like any other corporation,
we shareholders come first,
and I am sure we will soon be celebrating the opening of the first Starbucks store in Baghdad, as soon as it's safe. I would be very surprised if SBUX would risk meddling in politics.
There might be some other logistical issue in getting beans to the green zone, though. But I am sure that people would be willing to ship some care packages to our troops.