NEW YORK (WCBS 880) – Starbucks CEO Howard Schultz has been in the news lately for calling on CEOs to boycott donating to politicans. Today, he made news in New York City.

WCBS 880’s Paul Murnane On The Story

His company will be donating profits from Harlem back to the community.

“Profitability as a singular objective is a very shallow goal,” said Schultz on Tuesday. “Business leaders small and large and especially those that are running public companies, are going to have to realize that success  is best when it’s shared.”

Sheena Wright, president and CEO of the Abyssinian Development Corporation, says the money will fund after school and other education efforts, often ignored, she says when other so-called investments are made.

“In education as compared to level of investment that we make in incarcerating a person is very lopsided,” she told WCBS 880 reporter Paul Murnane.

She hopes other corporations will follow suit.

“If communities are not healthy, companies will not be healthy,” she said.

Starbucks is committing a minimum $100,000 from two stores – the one on 125th Street here in Manhattan and one out in Los Angeles.

Do you know of any similar corporate efforts? Share them in the comments section below!

Comments (4)
  1. DanTe says:

    Do you have money to pay 3 times the regular price for coffee? And no money for rent? Than you’re a Starbucks VIP Customer.

  2. @AnnaJoLeezy says:

    Why not?

    What bothers you about this?

    I read this article and want to offer thanks. I applaud the efforts of one man to try and motivate social change in an community that desperately needs it (America) and give back to a community that is not as prosperous as it once was (Harlem).

    Harlem, the center of one of the great American Renaissance’s (Harlem Renaissance 1920’s and 30’s).

    When our libraries fall into disrepair we act. When the foundations of our home crumble we act. The fabric that ignited a social shift in America and all Americans is being compromised and there is a man backed by his corporation who is acting.

    What changed in Harlem? What happened to the people who sparked such awareness and appreciation in something different and beautiful? Their creation of culture and beauty was given to the rest of humanity as a tangible result of adversity. Let’s see how great can they become with a little motivation, trust and faith.

  3. Heather Walczuk says:

    Crime producing communities? I think your statistics are about twenty years old. Have you ever been to Harlem Joe? That fact aside, nothing short of efforts like these which are donating money back into the community, reducing poverty, and producing more job opportunities will be productive in lowering crime.

  4. Joe says:

    Why all these big corporation and billionaires keep donating money to these crime producing communities ?

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