Starbucks (SBUX) Endorses McCain

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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StarbucksStarbucks (SBUX) will begin offering a one-sheet newspaper that will cover the key issues which will have to be addressed by the candidates for president. The product is called the Good Sheet,

The paper will be produced by "Good, which was founded two years ago, has an editorial emphasis on philanthropy and activism."

Now people can come to the chain and read about energy policy, health care costs, and defense spending.

While it is nice that Starbucks wants to help educate the man in the street so that he can better understand the issues of the day, the chain runs the very real risk of being viewed as helping one side of the election or the other.

The nuts reading the free paper will all look for messages between the lines. These may be the same people who believe that they can hear radio transmissions from Mars if they put on foil hats, but there are a lot of them.

According to The New York Times, "The Good sheet features one advertiser an issue, which covers the cost of the sheet; Starbucks has not paid Good for the sheets." If an marketer who is giving a lot of money to John McCain happens to be that sponsor, people may get the wrong impression. The editors at Good may be taking positions in their paper. While these do not make it to the Starbucks product, it could be a nuisance

Starbucks has enough problems. It does not need patrons boycotting its stores because they believe that the chain has decided to support either liberal or reactionary positions. People are funny that way in an election year. They look for partisanship everywhere.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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