Pepsi’s Stock Drops After CEO’s Negative Comments About Trump
Pepsi is suffering blowback after its CEO made critical comments of President-elect Donald Trump at a New York Times DealBook conference Thursday.
The company’s stock is down nearly two percent since her comments.
The company’s CEO, Indra Nooyi, a major supporter of Hillary Clinton, expressed her disappointment in the election outcome.
“I had to answer a lot of questions from my daughters, from our employees. They were all in mourning,” Nooyi said to The New York Times’ Andrew Ross Sorkin at the conference.
“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.”
Nooyi also said she was upset by the vulgar language Trump has used about women.
“How dare we talk about women that way,” Nooyi said. “I don’t think there’s a place for that kind of language in any part of society, not in locker rooms, not in football players’ homes, not in any place. And, if we don’t nip it in the bud, Andrew, this is going to be lethal force that’s going to take over society.”
She also noted an overemphasis on candidates’ soundbites and social-media-ready quotes throughout the election, which she believes resulted in a failure to discuss real policy issues that matter.
Ultimately, Nooyi told Sorkin she believes Americans needed to unite and accept the outcome of the election.
“The process of democracy happened,” she said. “We just need to let life go on.”
Some Trump supporters are calling for a boycott of Pepsi in the wake of the comments.
However, Pepsi’s main competitor, Coca-Cola, is no friend to the President-elect and have donated millions of dollars to the Clinton Foundation over the years.
( Source )