Indra Nooyi

The Protestors ALREADY Occupy Wall Street

Submitted by Peter Flaherty on Tue, 10/11/2011 - 13:02

Wall Street protest photo Are the anti-Wall Street protestors demonstrating against themselves? The richest and most prominent Wall Street executives overwhelmingly supported and bankrolled Barack Obama's presidential campaign in 2008.

And on Wall Street, little distinction is made between liberal Democrats and avowedly socialist activist groups. The big banks financed ACORN. Although ACORN has disbanded in the wake of scandal, the JPMorgan Chase Foundation, formerly headed by White House Chief of Staff William Daley, continues to fund similar groups committed to undermining capitalism and debasing democracy.

Corporate CEOs Must Heed Election Results, Too

Submitted by Peter Flaherty on Wed, 11/03/2010 - 09:10

Kindler photo The electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political dealing at the expense of ordinary people.

Unless Corporate America heeds the election results, it too will risk the wrath of an informed and energized public. Here are CEOs who must pay attention to what happened yesterday:

Pfizer CEO Jeffrey Kindler- Not only did Kindler (above) lead the charge of Big Pharma CEOs for ObamaCare, he actually got a multi-million dollar bonus from Pfizer for doing so. This is not going to look very good once ObamaCare spikes insurance premiums, prompts hospital closures, and explodes the number of uninsured. Of course, Kindler wasn’t naïve or confused, he had reason to help destroy the health system. Big Pharma made a deal that guarantees it customers and insulation from competition. (I assume Kindler plans to retire before the government forces Pfizer to sell its products for less than it costs to produce them.)

Noisy Sun Chips Bag Underscores Bigger PepsiCo Problem

Submitted by Peter Flaherty on Thu, 08/19/2010 - 11:36

Sun Chips' loud bag is getting lots of attention, including a Wall Street Journal story yesterday. PepsiCo’s Frito-Lay division bills it as “The World’s First 100% Compostable Chip Package.”

The overwhelming crinkle of the bag annoys people, and it is inappropriate in certain settings like theaters and schools. It is hard to imagine how this bag ever got off the drawing board when one considers how much PepsiCo spends on perfecting and marketing its products.

SEC: Pepsi Must Allow NLPC Proposal on Lobbying Priorities Like Cap and Trade

Submitted by Peter Flaherty on Mon, 03/08/2010 - 21:18

The Securities and Exchange Commission (SEC) has ruled that PepsiCo may not exclude a shareholder proposal filed by NLPC that asks the company for a report on its lobbying priorities. PepsiCo is a member of the U.S. Climate Action Partnership (USCAP), a coalition of corporations and environmental groups that lobbies for the disastrous cap and trade legislation.

Our resolution will appear in PepsiCo’s proxy materials, and I will speak in its support at the company’s annual meeting this spring.

By trying to preclude a shareholder discussion of this and other issues, PepsiCo CEO Indra Nooyi seems unwilling to publicly defend the company's controversial public policy positions, which is exactly the point of our resolution. Maybe the company should change its positions on cap and trade, and other issues where it sides with anti-business activists.

BP, ConocoPhillips and Caterpillar Quit Cap-and-Trade Lobby Group; PepsiCo Should Do The Same

Submitted by Peter Flaherty on Wed, 02/17/2010 - 11:14

Nooyi photo Although they never should have been a part of it in the first place, three major companies have exited the U.S. Climate Action Partnership (USCAP), a coalition of corporations and environmental groups. USCAP’s mission is to “quickly enact strong national legislation to require significant reductions in greenhouse gas emissions.” The House has obliged and the result, the Waxman-Markey bill, is too strong for both the Senate and the American people.

Instead of taking a principled stand against massive government intervention in the energy economy, corporate executives argued that global warming legislation was coming anyway, so it was better to be inside the room when it was negotiated. This was the same argument made by pharmaceutical companies when they threw their support behind Barack Obama’s health care plan.

Wal-Mart, PepsiCo Unapologetic About Bankrolling Sharpton After Rush Limbaugh/NFL Flap

Submitted by Peter Flaherty on Mon, 10/19/2009 - 15:47

Emailers protesting Wal-Mart support for Al Sharpton’s group, the National Action Network, are getting the following response:

Walmart supports the National Action Network (NAN) as part of an ongoing effort to partner with national organizations that support issues and initiatives of importance to our customers, and the communities we serve.

Our support for NAN is focused on addressing health and wellness issues and other issues important to our customers and associates. Our company will continue to support organizations that can further our mission to help people live better.

Sharpton’s Corporate Sponsors Funded Anti-Rush Limbaugh Campaign

Submitted by Peter Flaherty on Wed, 10/14/2009 - 21:38

Sharpton photo Al Sharpton’s platform for his assault on Rush Limbaugh’s NFL ownership bid was the National Action Network (NAN), which is bankrolled by corporate America.

The following companies were identified this year by NAN as “sponsors”: American Honda, Anheuser Busch, Colgate-Palmolive, Comcast, Entergy, Ford Motor Company, Home Depot, Johnson & Johnson, Macy’s, PepsiCo, Pfizer and Wal-Mart. Sponsorship reportedly cost $50,000.

NLPC is asking these companies to end their support for Sharpton and NAN. Here’s how to contact them:

American Honda
phone: 1-800-999-1009 (Mon.-Fri., 6:00 a.m.-5:00 p.m., Pacific Time)
Fax: 310-783-3023 (24 hours)
Click here to find your local dealer.

Pepsi’s Politicized Charitable Giving Again Under Fire

Submitted by Peter Flaherty on Sun, 04/26/2009 - 20:31

Indra Nooyi photo The American Family Association (AFA) is criticizing PepsiCo’s financial support of activist groups promoting gay marriage. PepsiCo and the PepsiCo Foundation are major funders of the Human Rights Campaign, and a group called Parents, Families and Friends of Lesbians and Gays.

AFA president Don Wildmon is asking PepsiCo to become “neutral” on the issue of gay marriage by ending support for the groups. Wildmon’s complaints echo those of NLPC, made in 2006 and 2007, of a liberal political bias in the company’s giving. At that time, NLPC objected to PepsiCo’s financial support for groups founded by Jesse Jackson and Al Sharpton.