Starbucks CEO says diversity is the “important” strength of the business

Starbucks CEO Brian Nicole At this week’s shareholders meeting, the company reaffirmed that it continues to focus on diversity and calls it an important part of the coffee giant’s strength.

“Starbucks is a very, very diverse organization and will continue to be a very diverse organization just by the mission, the nature of our values ​​and how we operate around the world,” Nicole said at a meeting Wednesday.

It was his first shareholder meeting since taking over in September and then launched a “Buckstarbucks” strategy aimed at returning the company to its coffee house roots and back to its stores.

The business world is reducing its diversity, equity and inclusion (DEI) initiatives, but Niccol emphasized that “it is important to reflect the diversity of all our customers and staff in our stores” with 40,000 stores in 88 markets.

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“I think diversity will continue to be key, the strength of our business, and frankly, it will help us connect with our customers on another level,” Nicole added.

Starbucks Chief Partner Officer Sarah Kelly reiterated Nicole’s sentiment, telling shareholders that she is “deeply committed to diversity.”

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“When we think about the work we do, we focus on creating diversity through a culture of inclusion, where every partner and every customer feels belongs to Starbucks,” Kelly said. The company calls employees “partners.”

Niccol said the company can also contribute effectively as it focuses on ensuring that the director’s board “brings unique skills, experience, tenure and diversity.”

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“We are constantly working to improve our board and we ensure that our boards are still capable and ready to oversee business success in both future days,” he added.

Comments will put pressure on large companies to scale back initiatives aimed at increasing racial and gender equality in the workplace.

The initiative also faces intense criticism from President Donald Trump, who signed civil servants in January to investigate the foundations of public ownership, large nonprofit companies, or at least $500 million in assets. Targets fall into that category.

“Illegal DEI and DEIA policies not only violate the text and spirit of our longstanding federal citizenship law, but also undermine our national unity by denialing, credibility and personal achievements of hard work, excellence and personal achievements that support illegal, corrosive, corrosive, and perishable identity-based plundering systems,” Administrative Technique said.

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Target, Amazon, Lowe’s, Meta, McDonald’s, American Airlines and Boeing have returned to the DEI program over the past few months. In November, Walmart, the country’s largest private employer, announced plans to roll back policies, including how to monitor products in the market and review grants.

In an interview with Fox Business in February, Walmart CFO John David Rainey The company said it had not affected its business after the announcement.

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low	Lowe’s Companies Inc.	224.35	+1.69	+0.76%
Meta	Meta Platforms Inc.	607.60	+17.49	+2.96%
MCD	McDonald’s.	299.78	+2.32	+0.78%
aal	American Airlines Group Inc.	10.87	+0.20	+1.87%
ba	Boeing Co.	161.76	+2.48	+1.56%

“We want to be a place where all of America can come shopping,” Rainey said. “We want to be a place where all of America can come to work, so we haven’t changed the value and it hasn’t affected any of the announcements that were there.”