At a recent meeting, Coca-Cola’s shareholders overwhelmingly struck down a resolution attempting to make the company divest from pro-life states that protect children in the womb from abortions.
According to a report from World News Group, “It only garnered 13 percent of the vote, the lowest so far for similar proposals.”
“The proposal came from investors, not from the company itself. Shareholders of publicly traded corporations have a right to put proposals up for a vote. This right is not well known by conservatives. Liberals, on the other hand, seem quite familiar with this instrument for the exercise of corporate power, which is why historically proposals from the left typically outnumber those from the right 20-to-1. But things are getting better. This year that number looks to be closer to 10-to-1.”
The leftist group As You Sow tried to get Coca-Cola to make a “Report on Risk” due to restrictions on abortion in pro-life states. The report would include “potential risks or costs to the company caused by … state policies severely restricting reproductive rights.” The group further claimed in the proposed risk report, “Employers, as well as employees, bear the cost of restricted access to” abortions.
“This is not the only time we’ll see abortion on corporate proxies this week. In fact, it was not the only resolution on Coca-Cola’s proxy card. There is also what is called a “congruency” report, which amounts to goading companies that have said something in favor of equality to extend that to blacklisting pro-life politicians. It also lost. Cigna and Pfizer both also had congruency resolutions last week that specifically pointed to the abortion issue. They too were defeated,” the report notes.
According to Life News, “The vote came during the same week in which the City of San Francisco abandoned its boycott of pro-life states because the repercussions were so detrimental to the city.”
The downvote by Coca-Cola shareholders shows that radical pro-abortion groups are not swaying business-minded individuals, who see that divesting from pro-life states only can alienate its customer base.
Even connecting with the wrong influencers can royally destroy a company. A recent example of that would be Bud Light’s partnership with transgender TikTok influencer Dylan Mulvaney, resulting in billions being shaved off of its parent company, Anheuser-Busch’s stock price.
coke can go pound sand–I’m too white to use their products–RC and pepsi taste better anyway–
Although I don’t drink soda, I am impressed with Coca-Cola’s Shareholders! Well done!
Thank you Coke share holders. And thank you Coke for not giving in to the Godlessness of the WOKE crowd. I drink lots of Coke Zero and I’m pleased that I won’t be changing brands.
Thank you Coco-Cola.