Starbucks CEO hosts town hall on politics

By the Associated Press | September 2, 2011 | 1:20 PM EDT

PORTLAND, Ore. (AP) — Starbucks CEO Howard Schultz changed how America drinks coffee. Now, he wants to change the political system.

The head of the coffee giant says the nation's leaders have failed to represent the needs of all its citizens and created a "crisis of confidence" that is wreaking havoc on the economy. Schultz says he wants to give a voice to all people by hosting a national telephone forum on Tuesday.

Schultz is running ads in the New York Times and USA Today ahead of the event. The ads will feature an open letter urging U.S. citizens to insist politicians end their hyper-partisan behavior. This comes weeks after he called on other CEOs to halt contributions to U.S. political campaigns until the nation's leaders become financially disciplined and stop their political wrangling.