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Entries in PepsiCo (7)

Tuesday
Aug282012

Probe Launched into Validity of Energy Drink Makers' Claims

John Nordell/The Christian Science Monitor via Getty Images(NEW YORK) -- Are consumers being misled by the makers of energy drinks?  That's what New York's attorney general hopes to find out.

Citing a person familiar with the matter, the Wall Street Journal reports Eric Schneiderman has issued subpoenas to the makers of at least three energy drink products asking for information on marketing and advertising practices. The companies in question are PepsiCo, the maker of AMP; Monster Beverage; and Living Essentials LLC, which produces 5-hour Energy.

Beverage marketers claim these drinks quickly and effectively boost energy.  And consumers seem to be buying into these promises.  Last year alone, sales of the drinks amounted to nearly $9 billion, according to Beverage Digest.

Investigators want to know whether those sales are based on false or misleading claims.

Schneiderman issued the subpoenas last month but, as the Journal notes, the probe is still in its early stages and could grow to include more companies.

Copyright 2012 ABC News Radio

Monday
Aug062012

Chick-Fil-A and Six Other Companies That Have Taken a Political Stand

Alex Wong/Getty Images(NEW YORK) -- Whether he wanted to be or not, Dan Cathy, the Bible-quoting president and chief operating officer of Chick-fil-A, has become a household name. So has his stance on same-sex marriage.

What people might not realize is the extent to which Chick-fil-A has funded organizations with radically anti-gay messages through its charitable arm, the WinShape Foundation, which was created by Chick-fil-A founder and chairman S. Truett Cathy in 1984. According to a July report from Equality Matters, a gay rights organization, the foundation donated nearly $2 million in 2010 to groups such as the Marriage & Family Foundation, the Family Research Council and Exodus International, which has helped "men and women surrender their sexual struggles to the Lordship of Jesus Christ" since 1976.

But Chick-fil-A isn't the only company with a conservative bent. Conservative activists are responsible for some of the products you use in your home. Koch Industries, for example, which manufactures products like Angel Soft toilet paper, Brawny Paper towels and Dixie cups plans to donate about $400 million to conservative groups such as the National Rifle Association, Grover Norquist's Americans for Tax Reform, the National Right to Life Committee, Ralph Reed's Faith and Freedom Coalition, and the American Future Fund, Politico reported.

The founders of Koch Industries, brothers David and Charles Koch, have helped bankroll numerous Tea Party candidates through their advocacy group, Americans for Prosperity.

Meanwhile, Costco co-founder and chairman Jeffrey H. Brotman gave $77,550 in political contributions to Democrats and only $15,625 to Republicans. An additional $63,700 went to special interest groups, according to Newsmeat.org, which tracks donor spending.

Most people aren't aware of the extent to which their favorite companies play partisan politics, said Kate Coyne-McCoy, executive director of Coalition for Accountability in Political Spending (CAPS), a bipartisan organization dedicated to curbing the role of corporate spending in elections. What's more, public companies aren't obligated to disclose their political spending.

"Soon America will be inundated with TV ads that will be nasty and vitriolic," she said. "We won't know who's paying for what. It's like campaigns are auctions, not elections, and we won't know which politicians are being bought by whom."

So what other companies or CEOS have strong political or ideological beliefs?

Amazon.com
While Chick-fil-A has been gaining notoriety among those opposed to same-sex marriage, Amazon founder and CEO Jeff Bezos is the new poster boy for the pro-gay marriage set. On July 27, Bezos and his wife, MacKenzie, pledged $2.5 million to Washington United for Marriage (WUM), Washington state's coalition of organizations, congregations, unions and businesses working together to defend civil marriage for same-sex couples. To that end, Microsoft founder Bill Gates and CEO Steve Ballmer each donated $100,000 to the cause.

Forever 21
Forever 21 founder Do Won Chang, along with his wife, Jin Sook, is a devout Christian who performs missionary work around the globe and claims the Bible is his favorite book. Chang, who came to the United States from South Korea in 1981, also co-runs the Chang 21 Foundation, which donates to churches and faith-based organizations, according to The Los Angeles Times. And every Forever 21 shopping bag comes with a Bible verse (John 3:16) stamped on the bottom: "For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life."

Amway
On Thursday, Fred Karger, an LGBT rights activist, announced a world-wide boycott against Amway, the conservative direct-sales monolith. Karger obtained the tax records of Amway president and owner Doug DeVos and discovered that DeVos had donated $500,000 to the National Organization for Marriage (NOM) Education Fund, according to the Michigan Business Review. NOM was created five years ago to pass Proposition 8 in California, a constitutional amendment to prohibit same sex marriage. Karger told rawstory.com that DeVos' "appears to be the largest family donation to NOM in its history."

Dr. Bronner's Magic "All-One" Products
The debate over genetically modified organisms (GMOs) has been raging in grocery stores across the country. Now it's headed to California, where voters will get to decide if many food products using GMOs are required to label them as such. The November ballot initiative is known as "The California Right to Know Genetically Engineered Food Act," or Proposition 37. If 37 is passed, not only will there be labeling requirements, but these foods will also be forbidden from labeling or advertising themselves as "natural." Those supporting the initiative include Dr. Bronner's, which has donated $290,000 to pro-37 groups; Nature's Path Food USA, ($250,709) and Amy's Kitchen ($25,000). The company says it does not use GMOs.

PepsiCo
Those on the other end of the spectrum -- that is, those who argue that, if passed, Prop 37 would increase food prices, encourage frivolous lawsuits and do nothing to protect the public's well-being -- include Pepsi, which has contributed $90,220 to efforts to oppose the Prop 37; Nestle ($61,471); and Coca-Cola ($61,209), according to Voters Edge, a nonpartisan guide to ballot measures.

Gold's Gym International
Gold's is a subsidiary of TRT Holdings, a private Texas corporation that also owns Omni Hotels and Tana Exploration, an oil and gas exploration firm. Its owner, CEO and president, Robert Rowling, has donated more than $1 million to American Crossroads, which was started by GOP political strategists Karl Rove and Ed Gillespie, and the super PAC that supports Mitt Romney, Restore Our Future, according to opensecrets.org.

Copyright 2012 ABC News Radio

Thursday
Feb092012

PepsiCo Cutting 8,700 Employees

Joe Raedle/Getty Images(PURCHASE, N.Y.) -- PepsiCo announced Thursday that it plans to cut approximately 8,700 employees, or nearly 3 percent of its workforce, in a series of moves meant to increase advertising in North America.

Copyright 2012 ABC News Radio

Wednesday
Sep212011

PepsiCo Teams with UN and USAID for Food Program in Ethiopia

Design Pics / Michael Interisano(NEW YORK) -- On Wednesday, the PepsiCo Foundation, the United Nations World Food Programme (WFP) and United States Agency for International Development (USAID) announced a new program that will increase production of chick peas in Ethiopia.

Thousands of people in the Horn of Africa are experiencing a severe drought. They will not immediately benefit from the new program, called Enterprise EthioPEA. The program will expand production of a crop that is grown marginally in Ethiopia. The organizations will supply irrigation equipment and modern agricultural techniques expected to yield more crops and expand production from the current estimated 100,000 farmers growing chick peas only once a year to at least twice a year.

"The world knows how to prevent malnutrition. The hunger we are witnessing today in the Horn of Africa is preventable with local solutions that support small farmers in being part of the solution. Enterprise EthioPEA will change the lives of tens of thousands of children and will chart the course for future partnerships to help stamp out hunger around the globe," said Josette Sheeran, executive director of WFP.

Long-term goals for the program include exporting the product domestically and internationally and for Ethiopia to become a leader in sustainable agricultural practices in the region.

Copyright 2011 ABC News Radio

Monday
May302011

PepsiCo Commits $500,000 to Help Tornado Victims in Missouri

DON EMMERT/AFP/Getty Images(PURCHASE, N.Y.) -- PepsiCo announced Monday that it is committing $500,000 towards relief efforts in Missouri, where tornadoes and severe weather ravaged several towns like Joplin, leaving more than 100 people dead.

The company's latest contribution comes after a $125,000 commitment it made to help areas in the southern U.S. that were also affected by severe storms.

"The people of Joplin and other communities affected by these devastating storms are in our thoughts and prayers," said PepsiCo Chairman and CEO Indra Nooyi.  "They need our help more than ever, and the entire PepsiCo family will fully support the recovery and rebuilding process along the way."

Along with the financial contributions, PepsiCo has also been donating foods and beverages to the impacted regions.

Copyright 2011 ABC News Radio

Wednesday
Mar162011

Pepsi Developing 100 Percent Plant-Based Plastic Bottles

PRNewsFoto/PepsiCo(PURCHASE, N.Y.) -- PepsiCo announced Tuesday that it has taken a big step towards significantly reducing its carbon footprint by developing the world's first plastic bottle made entirely from renewable, plant-based resources.

The eco-friendly bottle is 100 percent recyclable and is made from "bio-based raw materials, including switch grass, pine bark and corn husks." PepsiCo said it hopes to tap into more renewable sources in the future to make the bottle, including "orange peels, potato peels, oat hulls and other agricultural byproducts from its foods business."

According to the company, the bottle's molecular structure is identical to petroleum-based polyethylene terephthalate, or PET, bottles that are currently used to house beverages.

PepsiCo said it will pilot production of the new bottle in 2012, with full-scale commercialization to follow upon its successful completion.

Copyright 2011 ABC News Radio

Friday
Mar112011

PepsiCo Not Pulling Cap'n Crunch Cereal Off Store Shelves

Medioimages/Photodisc/Thinkstock(PURCHASE, N.Y.) -- Contrary to what's been reported in the media, one of the most beloved sailors of all time isn't mooring his ship for good.

Yes, Cap'n Crunch lives to sail another day.

There have been stories lately that PespiCo., the parent company of Quaker, had considered taking the sugar-loaded cereal off supermarket shelves because of America's battle with childhood obesity.

Yet, Cap'n Horatio Magellan Crunch on his own newly-created Twitter account dispelled the rumors Thursday.

In a tweet, Crunch wrote, "I'm hearing the rumors. I would never retire. I love being a captain too much!"

PepsiCo. hasn't said whether it will try to make the cereal more nutritious.  On the Cap'n Crunch website, it's described as a breakfast food with "grains, an excellent source of seven essential vitamins, is low in fat, cholesterol-free, has 0 grams of trans fat, and contains 1 gram of fiber."

Created in 1963 by flavorist Pamela Low who combined brown sugar and butter to make the unique flavor, the other Cap'n Cruch varieties include Peanut Butter Crunch, Choco Crunch, and of course, Crunch Berry.

Copyright 2011 ABC News Radio







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