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Starbucks' coffee business is good, but politics of CEO catch fire

Financial and economic struggles within major restaurants have been damaging, but coffee purveyor Starbucks ( SBUX ) is immune from that scourge, according to Howard Schultz, chief executive officer.

Reuters reports the ubiquitous coffee chain's top official said the business of serving and preparing specialty coffee drinks is "still very strong" one day after a restaurant conglomerate reported appetizer, dessert and drink orders fell at its stores. Olive Garden, Red Lobster and LongHorn Steakhouse - all holdings of Darden Restaurants ( DRI ) - saw the shortages during the first quarter, which ended August 28.

"Starbucks is having its best year and our business remains strong," Schultz told Reuters during a phone interview.

Yet Mr. Schultz really ought to hone his political prowess, according to CEO-turned-politician Carly Fiorina, former top official of Hewlett-Packard. She took to the National Review Online to air her opposition to Schultz' open letter to CEO peers stating they should not financially endorse candidates seeking elected office.

The present-day vice chairwoman of the National Republican Senatorial Committee argued: "We are undermining the entrepreneurial foundation of our economy " while endorsing and encouraging "Crucial debate about very big ideas," states the column she penned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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