Starbucks Corp. Chief Executive Howard Schultz is winning support for his call to withhold political contributions from U.S. lawmakers until they strike a “fair, bipartisan” deal on the country’s debt, revenue and spending.
Schultz recently led the world’s biggest coffee chain through a painful but successful restructuring that returned it to growth. In his letter Monday, he also challenged fellow U.S. business leaders to do their part by hiring workers to give the national economy a much-needed jolt.
NYSE Euronext Chief Executive Duncan Niederauer and Nasdaq OMX Group Chief Executive Robert Greifeld have pledged their support.
“I think that Howard’s idea is a great one, and I have told him that he can count on me,” Greifeld wrote in an email to Nasdaq company leaders.