Coca Cola Co (NYSE:KO)
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The world's leading soft-drink company, Coca-Cola's fountain includes everything from Coke to Poweraid, Dasani water to Snapple.
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The world's leading soft-drink company, Coca-Cola's fountain includes everything from Coke to Poweraid, Dasani water to Snapple.
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This portfolio tracks the progress of 'good' vs. 'evil' companies.
Evil elements: violent killings, kidnap and torture, water privatization, health violations, and discriminatory practices
Coca-Cola Company is perhaps the most widely recognized corporate symbol on the planet. The company also leads in the abuse of workers' rights, assassinations, water privatization, and worker discrimination. Between 1989 and 2002, eight union leaders from Coca-Cola bottling plants in Colombia were killed after protesting the company's labor practices. Hundreds of other Coca-Cola workers who have joined or considered joining the Colombian union SINALTRAINAL have been kidnapped, tortured, and detained by paramilitaries who intimidate workers to prevent them from unionizing. In Turkey, 14 Coca-Cola truck drivers and their families were beaten severely by Turkish police hired by the company, while protesting a layoff of 1,000 workers from a local bottling plant in 2005.
In India, Coca-Cola destroys local agriculture by privatizing the country's water resources. In Plachimada, Kerala, Coca-Cola extracted 1.5 million liters of deep well water, which they bottled and sold under the names Dasani and BonAqua. The groundwater was severely depleted, affecting thousands of communities with water shortages and destroying agricultural activity. As a result, the remaining water became contaminated with high chloride and bacteria levels, leading to scabs, eye problems, and stomach aches in the local population. Water shortages have occurred in Varanasi, Thane, and Tamil Nadu as well. The company is also guilty of reselling its plants' industrial waste to farmers as fertilizers, despite its containing hazardous lead and cadmium.
Coca-Cola is one of the most discriminatory employers in the world. In the year 2000, 2,000 African-American employees in the U.S. sued the company for race-based disparities in pay and promotions. In México, Coca-Cola FEMSA, the largest Coca-Cola bottler in Latin America, fired a senior bottling manager for being gay. Finally, by regularly denying health insurance to employees and their families, Coca Cola has failed to help stop the spread of AIDS in Africa. The company is one of the continent's largest private employers, yet only partially covers expensive medicines, while not covering generic medicines at all.
From http://www.globalexchange.org/getInvolved/corporateHRviolators.html
you have convinced me! I am going to load up on KO. Any company that is the subject of hysterical liberal socialists is certain to be providing good jobs to people and selling things that people want at the price they are glad to pay. Viva KO
I really do not understand what you are talking. I think you can use the same reasons to against any companies of this world. All you need to do is to change the company name from KO to XOM, PEP, Apple or any one you like.
But what your point?
KO does not own or operate bottling plants.
...yeah..my grandma used to get me up at 5:45 a.m. My grandpa would torture me with "Are you up for all day?" Up! I didn't want to get up! (If I had a union I would have filed a grievance) Then these old people would feed me bacon, eggs, cereal, and toast (I hated it. Tongue in cheek) Everyday! I was tortured! And then they would make me go out and milk four cows, clean off my boots, run up a half mile of country lane, and wait for the bus. If I hadn't been so little...I think I would have appreciated it more. Heh.
I have to agree with the first 3 comments. In any case i think KO does a pretty good job in the environmental part and helping out communities. What the bottlers do is not KO's fault as they have partial ownership in most of them but do not operate them.
The only reason not to buy KO is that at this moment in time my simplified discounted cash flow analysis shows that it is likely at least 15% over-valued. If KO underperforms vs. the S&P500, it will be for that reason.
Thank you for the information. I am concerned what kinds of organizations my dollars are funding. This is something to seriously consider.
dumberthanafool .
do you still feel the same way or has your stance changed?
You are really an ignorant Fool !!
Or you are just evil yourself?
Or maybe you are illiterate and did not do your homework?
Good luck in your life!
I'm sitting here drinking a coke, smoking a lucky strike, using my apple. Thanks people of the world for making my life more comfy. And I do remember when the US was an "3rd world" country in the 1800's our people were used by companies then just like they use people in 3rd countries now. These countries have to keep fighting for their rights and change their countries laws just like we did. And life goes on.