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February 27th, 2012
06:57 PM ET

Starbucks CEO Howard Schultz on politics and a new business model that gives back to the community

This morning on Starting Point, Starbucks CEO Howard Schultz joins Soledad live in-studio to talk a new business plan for the company which better shares its profits with the local community.

Two New York City stores are participating in this pilot program, which donates five cents of every purchase will go to the Abyssinian Development Corporation, a local community organizations which provides education, job training and social services.

Schultz talks about the program this morning, and explains why it's imperative on business leaders to give back to the community. He also talks about his general dissatisfaction with political gridlock in Washington, and says business leaders can no longer support the status quo. See bites from the interview below.

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Starbucks CEO: Business must do more

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Schultz: 'We can't embrace status quo'

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Starbucks CEO on new business model

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