Tag: Howard Schultz

Mellody Hobson to Become Starbucks Vice Chair

Mellody Hobson climbed another rung on the ladder of success in the Fortune 500 business world, as she solidified her role on Starbucks’ board while holding down two other top board memberships. Few African-Americans have multiple board membership on the nation’s wealthiest companies.

Hobson, a graduate of Princeton University and considered an expert on matters of personal finance, often speaking on panels and featured on television news shows.

Starbucks’ board of directors on Monday appointed Hobson as its vice chair shortly after longtime chairman Howard Schultz announced his retirement, the company said in a statement on Monday.

Hobson’s promotion to the number two position came as Starbucks has been in the throes of damage control following a high-profile episode of racial profiling when two Black men were arrested at a Philadelphia store in April because they didn’t order anything. Last Tuesday, the company closed 8,000 stores nationwide for an afternoon of anti-bias training.

Fortune 500 boards are dominated by white men, but Hobson, who has served on Starbucks’ board since 2005, has defied the odds. JP Morgan Chase & Co. also appointed her to its board  and she has been on Estee Lauder‘s board since 2004.

Still, African-Americans have made small gains in diversifying corporate boards. Black men increased their boardroom presence by 2 percent and Black women by 18.4 from 2012 to 2016, according to a multi-year study by the Alliance for Board Diversity (ABD).

The ABD report found that Blacks had the highest rate among all demographics of serving on multiple boards, which falls right in step with Hobson’s professional achievements, according to Ronald C. Parker, ABD’s chairman.

It’s an indication “that companies are going to the same individuals rather than expanding the pool of African-American candidates for board membership,” Parker told the New York Times last year.

Source: https://blackamericaweb.com/2018/06/05/mellody-hobson-will-become-starbucks-vice-chair/

Starbucks to Hire 10,000 Refugees Worldwide in Latest Expression of ‘Conscious Capitalism’

(SAUL LOEB/AFP/Getty Images)

article by Barbara Thau via forbes.com

For Starbucks CEO Howard Schultz, caramel macchiatos and pumpkin spice lattes are as integral to the coffee-chain’s brand as its college tuition reimbursement and veterans hiring programs.

Now Schultz is once again flexing Starbucks’ “conscious capitalism” muscles with a plan to hire 10,000 refugees at its restaurants worldwide, he said in a letter to employees on Jan. 29 that’s posted on Starbucks’s website.

The move is a swift, direct response to Donald Trump’s executive order to effectively ban people from predominantly Muslim countries from entering the U.S. (including Somalia and Sudan), including refugees fleeing wars.  As Schultz sees it, Starbucks’ new pledge is designed to ring an alarm bell with a vigor that the moment calls for.

“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,” he said in the letter. “These uncertain times call for different measures and communication tools than we have used in the past.”

Starbucks is hashing together a plan to hire 10,000 of the world’s 65 million refugees over the next five years in the 75 countries where it operates stores, starting with the U.S. market.

Under Schultz’s direction, Starbucks has long viewed business and what’s been called ethical retailing, or conscious capitalism, as related paths. And Schultz has carved a distinct niche as a social-activist CEO, of sorts.  He has repeatedly pointed to his upbringing in a low-income family in the Bayview Housing projects in Brooklyn New York as informing his philanthropic outlook.

It’s one that’s reflected in Starbucks’ policies, such as its pioneering move in 1988 to offer health insurance for part time workers, to backing causes from high unemployment to countering racism.

To read more, go to: http://www.forbes.com/sites/barbarathau/2017/01/30/starbucks-to-hire-10000-refugees-in-latest-expression-of-conscious-capitalism/#5610d9cb622c

The Good Things Black People Do, Give and Receive All Over The World
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