×

Starbucks’ Howard Schultz on why he endorsed Clinton for president

While Starbucks CEO Howard Schultz still says he is not running for president, he did take sides for the 2016 presidential election on Wednesday when he endorsed Democrat Hillary Clinton.

Schultz told the "Mad Money" host Jim Cramer "I strongly believe that Hillary Clinton is the best choice for the country and the rest of the world."

"I think as Americans unfortunately, we have been witnessing the very worst of a terrible political season, which has been such hatred and vitriol and divisiveness … in view of that, so many Americans have been led to believe that the story of America is just that," Schultz said.

Starbucks unveiled its first original content series entitled "Upstanders" on Wednesday. It aims to highlight stories of humanity through compassion, citizenship and civility. Schultz and his team sought to find just 10 to 15 stories, and instead found hundreds.





Howard Schultz, chairman and CEO of Starbucks
Adam Jeffery | CNBC
Howard Schultz, chairman and CEO of Starbucks
"I think at a time in America we are witnessing such a dispirited level of divisiveness in terms of political situation — let's find the true American story." -Howard Schultz, CEO of Starbucks

"This is not about marketing, it's not about PR. It's certainly not a branded series," Schultz said. "This is just sharing these kinds of stories about ordinary people doing extraordinary things, and this is about citizenry. I think at a time in America we are witnessing such a dispirited level of divisiveness in terms of political situation — let's find the true American story."

The original content kicked off as 10 stories in written, video and podcast form produced by Schultz and Rajiv Chandrasekaran. Schultz says it is just one of the ways to leverage the Starbucks experience to enhance the experience with customers.

"In many ways we are not a tech company, but we have invested heavily in tech. We are never going to be a media company, but we are going to invest in content. And this is all part of leveraging the experience in our stores," he said.

Schultz said he saw a robust response to "Upstanders," and thinks it is because people are "so hungry and longing for truth, authenticity, and aspiration and to be reminded of the true promise of America."

Schultz is optimistic about the future of the company, thanks to a strong core business, relationships with customers and looking for new ways to advance the brand. He says the company recognized early on that building long-term value for the company relied on investing in people and customers and taking care of its communities.

"I feel so strongly about the promise of America and the American dream," Schultz said. "And these 10 stories — which are people not being bystanders, but people being 'upstanders' — is emblematic of the true American story and the American people."

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com