This will not end well for shareholders of stocks in PepsiCo. Macy’s business model collapsed after they took a similarly adversarial position toward candidate Donald Trump in 2015. Now that Donald Trump has won the presidency, PepsiCo is following the same path as Macy’s.
Business organizations, and various boards of directorship, who hire these insufferable political activists within their corporations, are fools for allowing their shareholders to be put at risk by their Chief Executive Officers.
Trust me on this (we follow these impacts), regardless of whether or not you agree or disagree with Indra Nooyi sell any Pepsico stock asap. If you have a 401K find out if it’s invested in PepsiCo and see if you can find a way out of it.
(Via Yahoo News) PepsiCo’s CEO said the election of Donald Trump as president was terrifying her employees.
“I had to answer a lot of questions from my daughters, from our employees. They were all in mourning,” PepsiCo CEO Indra Nooyi told Andrew Ross Sorkin at The New York Times’ DealBook conference on Thursday.
“Our employees were all crying,” she said.
“And the question that they’re asking, especially those who are not white, ‘Are we safe?’ Women are asking, ‘Are we safe?’ LGBT people are asking, ‘Are we safe?’ I never thought I would have to answer those questions.”
After congratulating Trump for his success, Nooyi, who supported Democrat Hillary Clinton in the presidential race, said everyone in the US needed assurance of their safety.
“What we heard was election talk,” she said. Nooyi also said she was disgusted more generally by the language that has been used to discuss women in recent months. (read more with video)
Forbes has additional quotes:
[…] “Forget about the Pepsi brand. How dare you talk about women that way,” Nooyi said on Thursday morning, referring to comments Trump made on the campaign trail. “If we don’t nip this in the bud it is going to be a lethal force in society,” Nooyi added (read more)
Here are the primary retail brands of Pepsico: