Word: coca-cola
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...profit on their crops. But the nation's 5,000 sugarcane and 15,000 sugar-beet growers found that world prices were continuing to drop so fast that even with the subsidy they were losing money. At the same time, the major sugar-user firms, such as the Coca-Cola Co., General Foods Corp. and Nestlé Alimentana, were more than happy with Carter's program because it kept prices low and increased their profits...
Many farm-state Senators and Congressmen muttered, perhaps unfairly, that Carter's policy was chiefly intended to benefit Atlanta-based Coca-Cola, which is the nation's biggest commercial sugar user, accounting for about 10% of annual U.S. consumption, and is headed by his longtime friend J. Paul Austin. At a Senate hearing, Louisiana Democrat Russell Long told Bergland, "I would call the existing sugar program a Coca-Cola program." Replied White House Aide Lynn Daft: "The Coca-Cola charge is an outrage." Still, in a July 7 memo to Carter, White House Assistant Stuart Eizenstat recommended that...
...Bergland warned Agricultural Committee Chairmen Thomas Foley in the House and Herman Talmadge in the Senate that the President would veto the farm bill if a joint conference committee did not drop the amendment. Three days before Bergland passed along the veto threat, the leading sugar-user spokesman, Coca-Cola's chief purchaser, John Mount, remarked to a group of colleagues while they were having drinks at the bar of Washington's Sheraton-Carlton Hotel: "If we cannot prevail in conference, we will just have to call in a few chits and have the President veto the farm...
...Foreign Exchange Regulation Act, is pressing hard for at least partial Indian ownership of foreign companies operating in the country. A total of 57 foreign firms have decided to close down their Indian plants rather than meet demands for some degree of Indian ownership. One company under pressure: Coca-Cola, which has all but stopped making Coke in India. The company had been ready to reach an agreement on mixed ownership, but rejected India's demand for the formula for Coke's syrup, a secret that is supposedly locked in a Georgia bank vault and known to only...
...shareholders have until the end of this week to decide whether to take MCA's offer. If they do, the acquisition will move the movie business toward controlling not only what audiences see but what they buy in the lobby. Twentieth Century-Fox has taken over Coca-Cola Bottling Co. Midwest in St. Paul, and General Cinema bottles Pepsi and Seven...