In the Nation's Interest
Spotlight on Howard Schultz
2013 DISTINGUISHED PERFORMANCE AWARD: The Peter G. Peterson Business Statesmanship Award
CURRENT POSITION: chairman, president and chief executive officer, Starbucks
BASIS OF AWARD RECOGNITION: CED is proud to honor Howard Schultz, chairman, president and chief executive officer of Starbucks Coffee Company, with the 2013 Peter G. Peterson Business Statesmanship Award for his strong support of environmental stewardship, investing in people and communities, and creating a strong culture in which purpose and profit goes hand-in-hand.
DIRECT FROM HOWARD: Success is best when it is shared.
DID YOU KNOW? From the beginning, Howard set out to build a different kind of company. One that brings a sense of humanity and demonstrates respect and dignity. In these early days, Howard created two landmark programs that form the foundation of Starbucks culture. First, Starbucks offered comprehensive health coverage for eligible full- and part-time workers, among the first in the retail industry. And second, Starbucks offered partners (employees) equity in the company in the form of stock options, called Bean Stock. These early investments in people have proven that you can build a business that is profitable while sharing its success with Starbucks partners as well as the community.