At the end of April, the shareholders of the Coca-Cola Company voted down a resolution that would have pressured the company to oppose states that offer legal protection to the unborn. It only garnered 13 percent of the vote, the lowest for similar proposals. The vote went down by 87% to 13%, reports World Magazine.
What The Proposal Would Have Done
This proposal aimed to separate Coca-Cola from states that are pro-life. With the overturn of Roe V. Wade, many states are enacting measures to protect the unborn. The proposal did come from investors, not the company itself. These liberal investors are introducing a number of proposals of various forms used to promote abortion under the banner of risk management.
Who Introduces These Proposals
Shareholders of publicly traded corporations have a right to put proposals up for a vote. Liberals seem quite familiar with this instrument for the exercise of corporate power. This is why proposals from the left typically outnumber those from the right 20-to-1. Usually, liberal activists do not call for cost/benefit analysis, only cost. They have an agenda, and it shows one-sided reports. In this particular case, pro-life laws are presumed to be bad, and the report’s only job is to tell shareholders just how bad they are.
Consumers Voice
However, companies can learn from others’ experiences. Consumers do not lean toward a famous football player for his political views. They merely want to watch football. Recently, people do not want to discuss politics over a beer. So Budweiser sales have plummetted. American want the seller to do what they know: make a soft drink. We do not want the political correctness that comes with a drink.
