Starbucks CEO Takes ‘No Campaign Donations’ Pledge To The Public With Full Page NYT Ad

Howard Schultz

[credit provider=”AP”]

Starbucks CEO Howard Schultz took his pledge to withhold campaign donations to the people Sunday, with a full-page ad in The New York Times.”Like so many of you, I am deeply disappointed by the pervasive failure of leadership in Washington,” he wrote in an open letter to the American people on Starbucks stationery. “…Americans can’t find jobs. Small businesses can’t get credit. And the fracturing of consumer confidence continues.”

Schultz announced his pledge last month, saying he would encourage business leaders and others to hold back on campaign contributions until politicians reach “a fair, bipartisan deal” to control the nation’s skyrocketing debt. 

Shultz is also asking people to sign a another pledge to hire more employees and for businesses to take unilateral actions to jump-start the economy.

Among the business leaders who have signed Shultz’s pledge are:

  • AOL Chairman and CEO Tim Armstrong
  • J Crew Chairman and CEO Millard Drexler
  • Sterling Partners Private Equity CEO Eric Becker
  • Nasdaq CEO Bob Greifeld
  • NYSE CEO Duncan Niederauer

Schultz will take part in a conference call with the ‘No Labels’ political group this week to advocate for his pledge.Read Schultz’s letter below:

Dear Fellow Concerned Americans:

I love our country. And I am a beneficiary of the promise of America. But today, I am very concerned that at times I do not recognise the America that I love.

Like so many of you, I am deeply disappointed by the pervasive failure of leadership in Washington. And also like you, I am frustrated by our political leaders’ steadfast refusal to recognise that, for every day they perpetuate partisan conflict and put ideology over country, America and Americans suffer from the combined effects of paralysis and uncertainty. Americans can’t find jobs. Small businesses can’t get credit. And the fracturing of consumer confidence continues.

We are better than this.

Three weeks ago, I asked fellow business leaders to join me in urging the President and the Congress to put an end to partisan gridlock and, in its place, to set in motion an upward spiral of confidence. More than 100 business leaders representing American companies – large and small – joined me in signing a two-part pledge:

First, to withhold political campaign contributions until a transparent, comprehensive, bipartisan debt-and-deficit package is reached that honestly, and fairly, sets America on a path to long-term financial health and security. Second, to do all we can to break the cycle of economic uncertainty that grips our country by committing to accelerate investment in jobs and hiring.

In the weeks since then, I have been overwhelmed by the heartfelt stories of Americans from across the country, sharing their anguish over losing hope in the strongest and most galvanizing force of all – the American Dream. Some feel they have no voice. Others feel they no longer matter. And many feel they have been left behind.

We cannot let this stand.

Please join other concerned Americans and me on a national call-in conversation on Tuesday September 6th hosted by “No Labels,” a nonpartisan organisation dedicated to fostering cooperative and more effective government. To learn more about the forum and the pledges, visit

America is at a fragile and critical moment in its history. We must restore hope in the American Dream. We must celebrate all that America stands for around the world. And while our Founding Fathers recognised the constructive value of political debate, we must send the message to today’s elected officials in a civil, respectful voice they hear and understand, that the time to put citizenship ahead of partisanship is now.

Yours is the voice that can help ignite the contagious upward spiral of confidence that our country desperately needs.

With great respect,

Howard Schultz
Chief Executive Officer, Starbucks Coffee Company