Starbucks CEO Howard Schultz now has more than 100 corporate leaders who have signed onto his boycott-political-donations plan. The industry titans are promising to cut the flow of cash to D.C. until lawmakers stop being such insufferable hacks.
These CEOs, who lean predominately to the left and therefore have an innate pull toward political self-destruction, are ready to become the martyrs that Washington so desperately needs.
Conservative PACs and big-money donors, meanwhile, have apparently no such plans to stop spending.Schultz released his list of new companions in his boycott-D.C. plan on Thursday.
Tim Armstrong, Chairman and CEO, AOL
Ron Baron, CEO, Baron Capital Management
Warren Bennis, Founding Chairman, Leadership Institute USC
Bill Campbell, Chairman, Intuit
Millard Drexler, Chairman and CEO, J. Crew Group
David J. Field, President and CEO, Entercom Communications
Ron Graves, CEO, Pinkberry
Bob Greifeld, CEO, NASDAQ
Scott Griffith, Chairman and CEO, Zipcar, Inc.
Alan G. Hassenfeld, Former Chairman and CEO, Hasbro, Inc.
Kevin Johnson, CEO, Juniper Networks
Olden Lee, Retired Executive, PepsiCo
Jack Lief, Chairman, President and CEO, Arena Pharmaceuticals, Inc.
Miles Nadal, Chairman and CEO, MDC Partners Inc.
Duncan Niederauer, CEO, NYSE
Pete Peterson, Founder, Peter G. Peterson Foundation
Jamie Shennan, Retired General Partner Emeritus, Trinity Ventures
Irwin Simon, Chairman and CEO, Hain-Celestial Group
Barry Sternlicht, Chairman and CEO, Starwood Capital Group
Walter Robb, Co-CEO, Whole Foods
Frederic D. Rosen, Co-CEO, Outbox Enterprises
Kevin P. Ryan, founder and CEO, Gilt Group
Myron E. (Mike) Ullman, Chairman and CEO, JC Penney Company
Craig Weatherup, Retired CEO, Pepsi-Cola Company
Maggie Wilderotter, Chairman and CEO, Frontier Communications.
According to OpenSecrets.org, with a few exceptions, all the above bosses generally donate more to liberal causes than conservative ones.
And when it comes to individual donors, the site shows Democrats and Republicans running neck-and-neck, each with $110 million raised for 2012 House, Senate, and Presidential races.
Obviously, those figures came before Schultz and Co. decided to turn off the spigot.
To be sure, what Schultz is proposing is noble. Washington politicians need a wake-up call like no other.
Unfortunately, like most political outcomes in this country, that wake-up call (if indeed it's even heard) will likely be at the expense of liberal causes far over conservative ones.
This election will be a war, and Schultz's mutiny, while principled, is destined to cause casualties on his own side.