Starbucks Corp. (SBUX) Chief Executive Officer Howard Schultz urged other CEOs to boycott donating to U.S. political campaigns to encourage leaders to solve the nation’s growing budget deficit.
“I am asking that all of us forego political contributions until the Congress and the President return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people,” Schultz wrote in an e-mail sent to business leaders that was obtained by Bloomberg News.
While I agree with Schultz in theory, it's a little troubling to me that he's a big Democratic donor who gave the maximum to Maria Cantwell in March. If Schultz convinces a lot of Democratic CEOs to follow his boycott, (and let's be honest: That can't be too big of a number) he could just be helping the Republicans.
(Thanks, Matt Hickey, for the tip.)