Coke Was Already Going Broke

jrt_ms1995

Well-Known Member
‘Woke’ Coke Pauses Diversity Plan After ‘Intense Backlash,’ Plan Author Suddenly Resigns


“Legal defense foundation Project on Fair Representation published an open letter to Coca-Cola last week warning that Coke’s outside counsel ‘racial quota requirements’ are ‘unlawful,'” the outlet added.

Republican leaders announced boycotts and state and federal legislators warned that if Coca-Cola and other high-profile corporations did not stay out of politics that they could lose tax breaks at the state and federal levels. It’s not clear whether the boycotts or the threats of rescinding tax breaks worked, but Coca-Cola’s stock was down around 12% in January. The company plans to report first-quarter profits shortly.

In late April, Coca-Cola quietly announced that Gayton had departed his role as general counsel with a “golden parachute” — an unusual event given that Gayton had worked for the company for less than a year.

“As part of the [separation] agreement, [Gayton] will receive a $4 million sign-on payment and a monthly consulting fee of $666,666, beginning this month and ending April 2022,” the company reported, according to BusinessWire, which listed Gayton’s new role as helping to “drive certain key objectives,” without further explanation.
Wish I could get fired like that. ;)
 

vraiblonde

Board Mommy
PREMO Member
Patron
I think people and corporations should do as they please and suffer the consequences. Spew all the racial BS you want, and then people can make up their own minds whether they want to contribute to your freaking $8M paycheck or not.
 

Sneakers

Just sneakin' around....
I think people and corporations should do as they please and suffer the consequences. Spew all the racial BS you want, and then people can make up their own minds whether they want to contribute to your freaking $8M paycheck or not.
I'd agree if this were 10 or 15 years ago. A decision like this would have incurred the wrath of the consumers, if corporations were even stupid enough to try it. Not so much in today's woke world.
 

LightRoasted

If I may ...
If I may ...

No HFCS you say? Well that explains why Mexico has absolutely no problem with obesity, high blood pressure, or heart disease.:rolleyes:
A funny thing. Watched a video recently. This video appears to dispel that Mexican soda Cola is made with sugar, and is in fact made with HFCS. Seems Coca-Cola has been BSing them, and us as a marketing scam, for a while now.

 

GURPS

INGSOC
PREMO Member
Coca-Cola Lost Billions After Being Snubbed By International Soccer Star Cristiano Ronaldo


As the press conference was starting, “Ronaldo, an advocate of a healthy diet, moved the glass bottles out of the camera frame and instead held up a bottle of water and said in Portuguese: ‘Water!’” ESPN reported. “Coca-Cola saw its share price drop by 1.6% to $55.22 soon after Ronaldo’s actions. The market value went from $242bn to $238bn – a $4bn drop.”

Coca-Cola is an official sponsor of the Euro 2020 and its drinks are offered to players free of charge at every press conference.

“Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences,” a Euro 2020 spokesperson said in a statement. Everyone “is entitled to their drink preferences.”
 
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