7/14/2015
By Charles Payne, CEO & Principal Analyst

While Hillary Clinton and the left continue to advocate raiding corporate balance sheets, the private sector is coming up with more innovative ideas.

Starbucks CEO Howard Schultz has invested $30 million in a plan to provide 100,000 “opportunity youth” with jobs, internships, and apprenticeships. The focus is on disconnected youth, the 5.5 million 16- to 24-year-olds who are not in school and who are not working. 

He’s gotten 17 companies to join his effort, including:

Wal-Mart, Taco Bell, Target, Walgreens, Microsoft, Hilton, CVS Health, Alaska Airlines, Starbucks, Potbelly’s, Macy’s, JPMorgan Chase, Cintas, HMSHost, JC Penney, Lyft, and Porch.com.

Moreover, I think Schultz has ambitions for a higher office, but it does not mitigate the fact these kind of programs are becoming more common. It proves the private sector is stepping up, not having to be forced to use shareholder funds for the public domain.

Click here to leave a comment: http://www.wstreet.com/member/commentary.asp?con_id=35566#addcomment

Charles Payne
Wall Street Strategies

Add a Comment!