Word: 7x
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Dates: during 1980-1989
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...than Chairman Roberto Goizueta, 54. Says he: "My job is not to be right. It is to produce results." The Cuban-born executive, trained as a chemist, has generated criticism aplenty since he took the helm in 1980. Some of that controversy began well before he tampered with Merchandise 7X, the secret Coke formula that has been kept under corporate lock and key ever since the soft drink's invention...
...Coke and enter the lists against archrival Pepsi-Cola in the raging battle for dominance of the $23 billion U.S. soft- drink market. Roberto Goizueta, 53, chairman of Coca-Cola (1984 sales: $7.4 billion), said that the old Coke formula, with its secret flavoring ingredient, called Merchandise 7X, will stay locked in a Trust Co. of Georgia bank vault in Atlanta, never to be used again. Next to it, though, will be the new formula, with a new supersecret ingredient, called Merchandise 7X-100. This is the first flavor change in 99 years for the world's biggest-selling soda...