Starbucks shareholders reject political giving ban

Starbucks Corp investors have rejected a shareholder proposal to prohibit the world’s biggest coffee chain from making political contributions or forming a political action committee.

The Starbucks board had recommended rejection of the proposal, sponsored by shareholder John Harrington, chief executive of Harrington Investments. It was introduced at the annual meeting by a representative of Corporate Accountability International, where Harrington is a board member.

via Business feed http://www.scmp.com/business/companies/article/1196139/starbucks-shareholders-reject-political-giving-ban