With over 21,000 stores around the world—around half of which are right here in the U.S.—Starbucks is more than just a coffee giant; it’s a beast. There are neighborhoods in the U.S. where just a few blocks stand between two stores, and in dense cities like New York, it’s just a few hundred feet.
But Starbucks Chairman and CEO Howard Schultz says the company’s growth rate is exactly what consumers—the coffee-guzzling generation—are demanding. In fact, he says, the company’s growth is “very healthy, very disciplined, and very thoughtful.”
Schultz recently told Fusion’s Jorge Ramos that he doesn’t think people are overpaying for their coffee, either.
“We are sourcing and roasting the highest quality Arabica coffee in the world,” he told Ramos. “But in addition to that, we’re a company that, I think for many, many years, has really invested ahead of the curve in terms of ensuring the fact that we bring our people along with us. And I think the mantra we’ve always had is that success is best when it’s shared.”
It’s obvious that mantra is taken seriously. Besides offering comprehensive healthcare and free college tuition to employees, Starbucks also recently launched the 100,000 Opportunities Initiative, a job fair where young Americans who are either unemployed or not in school have a chance to interview with leading U.S.-based companies.
“I think we have a real significant crisis in the country,” Schultz, a self-made man, told Ramos. He acknowledged that the majority of the youth targeted by the initiative are African-American and Latino.