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Did you miss last night's "Mad Money" on CNBC? If so, here's a special breakout of Jim Cramer's CEO interview segment.
Starbucks (SBUX) : In a special Veterans Day episode of Mad Money on Thursday, Cramer spoke with Starbucks CEO Howard Schultz, highlighting the company's partnership to help veterans. Before a studio audience of West Point cadets, veterans, military personnel and their families, Cramer noted that Starbucks plans to hire at least 10,000 veterans and military spouses by the end of 2018.
Schultz said the integrity, work ethic and leadership skills of our veterans are beyond reproach and we should be acknowledging them every day and not just on Veterans Day. He said among the things veterans need most are transitional tools to help them re-enter the workforce.
Schultz has been a long-time proponent of the notion that business, as he said, "is not evil" and that CEOs have an opportunity to benefit society. Hiring veterans, he said, is one of those ways, which is why Starbucks has thousands of job openings for veterans, in stores, supply chain and management.
As for the election, Schultz said he's optimistic, but still sees a lot of work that needs to be done. He said our nation desperately needs less divisiveness, and more sincerity and compassion. No matter where he travels in the world, Schultz said, everyone wants to be respected and wants a better life for their children.
Action Alerts PLUS, a portfolio that Cramer and Jack Mohr co-manage as a charitable trust, recently downgraded Starbucks to a "Two" rating from a previous "One," although they kept the longer term $65 price target. Click here for a free 14-day trial membership to Action Alerts PLUS investment club to see why.
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