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Business · Video brief

Nine dollars for a Starbucks is an ‘affordable luxury’? CEOs need to wake up and smell the coffee | Arwa Mahdawi

In a time of economic hardship, Starbucks CEO calls a $9 coffee an 'affordable luxury.' While enjoying a $96 million salary, his remarks highlight a growing disconnect with everyday consumers. Critics argue that such statements only deepen...

The Guardian· May 6, 2026 · 2:27 PM · 7 views

In a time of economic hardship, Starbucks CEO calls a $9 coffee an 'affordable luxury.' While enjoying a $96 million salary, his remarks highlight a growing disconnect with everyday consumers. Critics argue that such statements only deepen the divide between the wealthy and those struggling to afford essentials. #Starbucks #Economy #Luxury #CostOfLiving #CEO

Originally reported by The Guardian. Read the full story →

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