Mr Schultz, chief executive of troubled coffee store giant Starbucks, had earlier told television business network CNBC, that "the concern for us is Western Europe and specifically the UK. The UK is in a spiral".
Asked later about the comments, a clearly furious Lord Mandelson responded to the Telegraph: "Why should I have that guy running down the country? Who the —- is he?"
Who is he? How about an individual exercising his right to free speech?
Good enough for you?