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Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
Coca Cola's Dilemma
Posted on 09/01/2006 00:00 AM | Link | Post Comment
Coca Cola (NYSE:KO) has a dilemma. Former General Counsel W Thomas Haines is facing serious legal action by Coke reports Fulton County Daily Report. In 2001 the man was reorganized out of his job. He takes up a position as Executive Director of the bottlers association. The bottlers are now suing Coke over the right to distribute Powerade to Walmart. Coke wants to sell direct for the obvious profit reasons. When Mr. Haines was reorganized out of Coke he received the blessing of Coke in writing to take up the post. Now Coke is preparing to sue and is claiming bad ethics. While all is fair in love and war could not Coke see this kind of problem?
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