About 130 CEOs of companies large and small have signed on to Schultz's no-campaign-money pledge since he issued it in August. The boycott targets elected Members of Congress until "a fair, bipartisan" budget deal is reached.
Business leaders who have signed on include the heads of AOL, J. Crew Group, J.C. Penney Co., Red Lion Hotel and Zipcar Inc. Almost 23,000 citizens have also signed the pledge, according to a website tracking the effort created by the digital marketing agency POP. An accompanying pledge asks CEOs to do all they can to "accelerate job creation."
Schultz has now unveiled a grass-roots drive that asks employees and customers to contribute $5 each to a nationwide fund for community business lending. Dubbed Create Jobs for USA, the venture is a partnership between Starbucks and the Opportunity Finance Network, an alliance of private financial institutions that gives out loans to low-income individuals and communities.
"It's an evolution of the pledge effort," Starbucks spokesman Jim Olson said about the micro-lending project. "You don't have to be a business owner or a business leader to create jobs." Those who donate to the fund will get a red-white-and-blue wristband engraved with the word "Indivisible."
On the Move
• The Petrizzo Strategic Group will become Petrizzo Bond Inc. on Nov. 1, the firm's founder and CEO, T.J. Petrizzo, has announced. Phillip J. Bond leaves his post as TechAmerica CEO to sign on as president and CEO of the newly renamed firm. Petrizzo will remain chairman.
• ML Strategies has hired Jordan Collins and Rachel Sanford to expand its telecommunications and energy team. Collins, who signs on as director of government relations, was a policy and regulatory analyst at the Department of Energy's Office of Policy and International Affairs. Sanford, who joins as manager of government relations, was a senior consultant specializing in cybersecurity and privacy at IBM. ML Strategies is the consulting affiliate of the law firm of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.
• Tony Essalih has left his post as chief of staff to Rep. John Culberson (R-Texas) to help lead the new Houston, Texas, office of Cornerstone Government Affairs, which is based in Washington, D.C. Also leading that office is Tim Schauer, who headed the advocacy efforts of the Memorial Hermann Healthcare System. The firm is also opening a new office in Jackson, Miss., to be headed by two government relations professionals from that state: Joe Sims and Camille Scales Young.
Rep. Eric Swalwell, D-Calif., walks on Broadway after a Future Forum with young entrepreneurs in the Flatiron District of New York City, April 16, 2015. Reps. Steve Israel, D-N.Y., Seth Moulton, D-Mass., and Grace Meng, D-N.Y., also attended.