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HS
Howard Schultz
06/04/24
@ Acquired
In 1988, Starbucks rolled out health benefits to part-time employees, including same-sex couples in domestic partnerships, which was groundbreaking at the time.
Video
A
Starbucks (with Howard Schultz)
@ Acquired
06/04/24
Related Takeaways
HS
Howard Schultz
06/04/24
@ Acquired
I proposed giving stock options to every employee, which was a groundbreaking idea at the time, and we announced that we would give 14% of everyone's base pay in stock options, which changed the culture of Starbucks and made everyone partners.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks provides health insurance to the families of its partners in China, a move that impressed the Chinese government.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks' success is rooted in creating a community space where people connect over coffee, which was a novel concept in the U.S. at the time.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks started as a small chain selling only coffee beans, not beverages, and was founded by Jerry Baldwin, Zev Siegl, and Gordon Bowker in 1971.
HS
Howard Schultz
06/04/24
@ Acquired
In 1982, I joined Starbucks as the head of marketing when they were preparing to open their fourth store, still focused solely on selling coffee beans.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks pricing was linked to rising labor costs and the responsibility to shareholders, especially as a public company.
ZS
Zack Scriven Media Cast
06/13/21
@ Zack Scriven Media
Starbucks transformed the coffee experience by providing a comfortable environment that fosters a sense of belonging, making customers feel good about themselves when they visit.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks' approach to employee retention mirrors Costco's, emphasizing that it's more cost-effective to retain existing employees than to train new ones.
HS
Howard Schultz
06/04/24
@ Acquired
I envisioned Starbucks as a brand that would be accessible to everyone, from CEOs to blue-collar workers.