Take 5

Howard Schultz Rejects “Billionaire” Label During Tense Senate Hearing on Labor and Unions

March 29, 2023

In a dramatic turn of events during a Senate hearing on labor and unions, former Starbucks CEO Howard Schultz vehemently rejected the label “billionaire” after Senator Bernie Sanders referred to him as such. The hearing, which was meant to address issues related to worker’s rights, wages, and unionization, took an unexpected turn as the conversation veered toward wealth and income inequality.

Schultz, who had been invited to the hearing as an expert witness to discuss the impact of unionization on large corporations, became visibly irritated when Senator Sanders addressed him as a billionaire. The former Starbucks CEO, known for his humble beginnings and rags-to-riches story, immediately interrupted the Vermont Senator to clarify his position.

“I do not like to be referred to as a ‘billionaire,'” Schultz stated firmly. “The term is reductive and does not accurately represent the hard work and dedication that has gone into building my career and the Starbucks brand. I prefer to be known as a self-mad

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