CNBC Host: Liberal Starbucks CEO ‘Preachy and Sanctimonious and Self-Righteous’

julia.seymour — Tue, 07 Jul 2015 16:14:20 +0000

Squawk Box co-host Joe Kernen slams decision to raise menu prices as cost of coffee falls.

Joseph Rossell

Coffee prices are falling, but liberal Starbucks CEO Howard Schultz has decided to raise its prices anyway.

CNBC’s Squawk Box co-host Joe Kernen called Schultz out on July 7, saying Schultz was trying “to pad his profits.”

Kernen argued it was unfair to criticize airlines for failing to pass savings along to consumers when oil prices fell, but not criticize Starbucks for raising its prices even as the cost of coffee dropped.