Howard Schultz, chairman and former chief executive officer of Starbucks, will receive the Rev. Theodore M. Hesburgh, C.S.C., Award for Ethics in Business and deliver the Frank Cahill Lecture in Business Ethics on Thursday (March 29) at the University of Notre Dame.
The ceremony, which is free and open to the public, will take place at 7 p.m. in the Jordan Auditorium of the Mendoza College of Business. Father Hesburgh, president emeritus of Notre Dame and namesake of the honor, will present Schultz with the award.
Schultz purchased a small Seattle coffee bean store called Starbucks in 1987 with a vision of putting a neighborhood coffee shop on every street corner. He brought recognition to the now corporate icon with its innovative marketing and pop-culture products as well as its commitment to social responsibility.
The Starbucks Corp. is committed to maintaining the guiding principles set forth by Schultz including: providing a respectful work environment, embracing diversity, applying the highest standards of product excellence, satisfying customers and making positive contributions to society and the environment.
Starbucks employees working as few as 20 hours per week qualify for health benefits and many of the 145,000 workers are eligible for stock options. Schultz has been at the forefront of numerous social and environmental initiatives sponsored by the company.
Starbucks, which went public in 1992, has more than 13,000 retail stores worldwide and is opening an average of five new locations per day. The corporation has been named to Business Ethics magazines 100 Best Corporate Citizens List and Fortune magazines 100 Best Companies to Work For.
A native of Brooklyn, N.Y., Schultz was graduated from Northern Michigan University. He is the co-author ofPour Your Heart into It,a book detailing his journey with Starbucks. Co-founder of the venture capital firm Maveron, Schultz also serves on the board of directors of DreamWorks Animation SKG.
The Hesburgh Award is presented by Notre Dame’s Center for Ethics and Religious Values in Business and Institute for Ethical Business Worldwide.
The Cahill Lecture at Notre Dame was established by the family of 1959 University alumnus and benefactor Frank Cahill to honor his memory and commitment to ethical behavior and integrity.
Contact: Deborah Coch, 574-631-6072, dcoch@nd.edu
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