Howard D. Schultz

Starbucks CEO stands by pledge to hire refugees

Starbucks CEO Howard Schultz presided over his last annual shareholder meeting as head of the company Wednesday by standing by its pledge to hire refugees and expanding on previously announced goals to hire veterans and at-risk youth.

The moves underscored the progressive image Schultz has helped cultivate for Starbucks as he prepares to cede the CEO job next month to Starbucks President Kevin Johnson.

Schultz, who will remain executive chairman, defended the promise on refugees to a shareholder who criticized his willingness to have the company's reputation "take a beating" over it. The pledge came after President Donald Trump's executive order temporarily banning...

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