Liberal Derangement

Shareholders Make Coca Cola Regret Going ‘Woke’ … BIG Mistake!

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A group of “concerned” Coca-Cola shareholders have sent a letter to the soda giant, complaining about their woke policy when it comes to their legal representation and the conditions they have placed on them that are illegal.

Coke is now requiring law firms to give 30% of their billable hours to minorities of which at least 50% of which go to Black attorneys.

The American Civil Rights Project (ACRP) demands that Coke either reverse the policy they set in January or that they turn over to provide access to the corporate records related to the decision of Coca-Cola’s officers and directors, and how they adopted illegal practices that could result in lawsuits that could cost the shareholders money.

The letter continues:

The Policies additionally expose the company to potential litigation on other theories, including (without waiving the right to later note more):

(a)the Policies order outside counsel to discriminate based on race, ethnicity, sex, gender, and disability status in hiring, promotional decisions, firing, staffing, and internal compensation structures. In doing so, the Policies order outside counsel to violate Title VII of Civil Rights Act of 1964, Title IX of the Civil Rights Act of 1964, and the Americans with Disabilities Act.

(b)in requiring the disclosure of individual outside-counsel “team member’s” disability status, the Policies separately compel the violation of the confidentiality provisions of the Americans with Disabilities Act.

In April, famed attorney Boyden Gray wrote an open letter to the company outlining how the new policy was discriminatory. So at this point if not before Coke had to know their policy was illegal.

Yet, as Daniel Morenoff, leader of the ACRP wrote in the letter to Coca-Cola, on the same day Gray wrote his letter, the company:

[Coke] executed and filed with the SEC a Form 10Q omitting any reference whatsoever to the [illegal contracting] policies or Coke’s related liabilities. Given the total omission of these material liabilities, that document, by all appearances, did not “contain[ ]” or “fairly present[ ], in all material respects, the financial condition…. of the Company.” Thus, [Coke] executed and submitted to the SEC a false “Certification Pursuant to 18 USC Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

About Rich Welsh

6 Comments
Joseph sullivan June 21, 2021
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I do not buy Marxist shit water. And I don't support this company. They declared war on the American middle-class while we were minding our own business. Coke does not realize that everyone hates corporate America.  no matter how "woke" they get, they will never be woke enough for thier Marxist masters. and they're trying to impress a few people in Man buns who Don't buy their products anyway. So declare war on Trump supporters and declare war on the American middle-class and then wonder why no one buys your products. I just saw a coke display In Walmart and they were begging people to buy it in order to "save American jobs". Now they care about Americans? Shareholders better get off the titanic. It is going down
Ron Bingham June 21, 2021
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Go Woke, Go Broke!
Daniel Kennedy June 20, 2021
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Many will male a true effort to NOT buy any cocacola products.  Corp America neeeds to stay out of politics! Delta, UPS same!
Jim June 20, 2021
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Coke sucks anyway, always hated that crap.  I won't even purchase it to clean my toilet.
Gilbabes June 20, 2021
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I hope Coke faces huge penalties for their racist behavior. The 50% of this country that believes racial discrimination is illegal should not buy Coke and should divest itself of their stock. They should have to pay penalties for this abominable behavior!!
jan deen June 20, 2021
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Well done.  Time for Americans to stand up against corporations buying into absurd policy behavior.  This cult of racism and irrational behavior needs to end.