Guinness announced it would not sponsor the New York City St. Patrick's Day parade over the organizers' discrimination against LGBTQ groups marching in the parade. Diageo's North American President Larry Schwartz tells TheStreet's Debra Borchardt they tried to influence change, but when that was unsuccessful they decided to leave the parade. Even though Diageo got off to a slow start in sales this year, March seems to be picking up for the beverage giant.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

More from Video

3M's Chief Science Advocate on Advancing Healthcare, Autos and Young Scientists

3M's Chief Science Advocate on Advancing Healthcare, Autos and Young Scientists

Listen: Should You Buy Cisco Now?

Listen: Should You Buy Cisco Now?

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

It's Dumb to Think There Aren't Already Monopolies in Big Tech

It's Dumb to Think There Aren't Already Monopolies in Big Tech