Howard Schultz doesn't like the word 'billionaire,' prefers the more genteel 'people of means'

Howard Schultz rejects the word billionaire
(Image credit: Screenshot/YouTube/CNBC)

At a Manhattan Barnes & Nobel in Manhattan last week, financial journalist Andrew Ross Sorkin asked budding "centrist independent" presidential candidate Howard Schultz if he agreed with Winners Take All author Anand Giridharadas — plus Rep. Alexandria Ocasio-Cortez (D-N.Y.) and other wealth-tax Democrats — that "billionaires have too much power in American public life." At least one viewer enjoyed his answer.

"You haven’t lived until you've seen Howard Schultz's facial muscles react when @andrewrsorkin asks, on my behalf, if billionaires have too much power in American life," Giridharadas tweeted above a video of Schultz's answer. The interview is most famous for a heckler who called Schultz an "egotistical, billionaire a--hole," and the former Starbucks CEO began by suggesting the label "billionaire" might be a little toxic nowadays. He offered some alternatives.

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