Word: coke
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...about the perils of any group of co-workers getting too comfortable with one another. A team of like-minded people sharing like-minded opinions behind a closed door - the dreaded groupthink - has produced some of history's worst ideas. (See Bay of Pigs, bundled mortgages, "Mission Accomplished," New Coke.) Better to bring in at least one new face or dissenting voice to shake things up and challenge a few assumptions. But how much shaking does it take? As it turns out, not much. According to a new study published in the Personality and Social Psychology Bulletin, the mere presence...
...Coke Vs. Pepsi. One important issue oft overlooked during an airline merger: Coke or Pepsi? Delta serves Coke, but Northwest is Pepsi all the way. That divide will survive the merger, even after Northwest employees have doffed their uniforms for Delta's. Concerned travelers can learn which beverage selection to expect by looking at their tickets, which still display either the Northwest or Delta logo...
...Coke on Sept. 3 announced a deal to buy Beijing-based Huiyuan Juice Group, a privately owned company started by a Chinese entrepreneur 17 years ago. Huiyuan, whose stock is traded on the Hong Kong exchange, is the largest producer of pure orange juice in the country, with over 40% of the market. Although Huiyuan's founders and major shareholders endorsed the sale, the government blocked it on antitrust grounds, arguing that the acquisition would have hurt small orange-juice producers in China and led to higher prices for consumers...
...deal was widely seen as the first big test of an antitrust law that Beijing enacted last August. In the eyes of foreign investors, that test is now officially a failure. Together, Coke and Huiyuan's combined share of the orange-juice market - itself just a sliver of the overall nonalcoholic-beverage market - would have been around 20%. The segment Huiyuan dominates - undiluted OJ - is for pricier products and is relatively small. Coca-Cola's Minute Maid brand plays in the less expensive, larger segment of the market. (Read a TIME story on Coke...
...Beijing was plainly taking into account considerations other than market share. Huiyuan is a high-profile national brand, and its sale to Coke had become a hobbyhorse for nationalists who often dominate popular Internet chat rooms in China. Zhu Xingli, founder and CEO of Huiyuan, famously said that he had "raised the company like a son" but was "selling it like a pig" - that is, at the market, for the highest price available. Blogger Zhang Xianfeng retorted, "The problem with selling to a multinational company is that it's no longer Chinese deciding which part...