Your Starbucks Balance Is Working Harder Than You Think
Writer: Jeffery L. Degner |
Date: 2026-10-30 06:16:00
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In January 2002, shortly after the launch of the Starbucks Card, Michael Casey was its CFO and he reportedly gave a novel description of how Starbucks would use these funds. In response to Allen Eslekin, the unique Starbucks Card program manager, Casey was elated: this system represented “a $20 million curiosity free mortgage from our clients” that would scale back their reliance on banks for loans and working money.
In 2019, AIER contributor J.P….
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