Word: coke
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...international Student Global AIDS Campaign (SGAC), the Harvard-founded international parent organization of the Harvard AIDS Coalition, has instructed its campus chapters to call for a divestment from Coke, and HAC intends to call on Harvard to divest, said Florence T. Twu ’05, a rally organizer...
Since the spring, the AIDS activist group ACT UP has called for Coke, which is the largest employer in Africa, to extend coverage of HIV and AIDS treatments to its African employees. In April, ACT UP’s New York branch held a demonstration outside a Coke shareholders meeting, and since then other activist groups, including SGAC, have teamed up with ACT UP to pressure Coke...
Their partnership with ACT UP on the Coke issue may signal a more radical future for HAC and SGAC. One HAC member said a shift to a more radical grass roots campaign would be good for the organization...
Activists are targeting Coke because of its size—as Africa’s largest private sector employer, the corporation employs 100,000 workers who bottle and distribute Coke products under exclusive licensing agreements in Africa—and because it is a major global corporation with an internationally recognized image...
Africa is soon to be Coke’s most profitable geographic sector, with the continent making the corporation $620 million last year, for a 41 percent profit margin, Twu said, citing Coke corporate reports. The estimated cost of providing the extended health care, according to Coke’s analysis, would be less than 1 percent of its African earnings, she said...