Word: pepsico
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...thousand protesters were massacred in Burma. The international community barely noticed. Multinational corporations are now embracing Burma's bloody military regime and the situation is still unknown to most of the world. PepsiCo, one of the worst offenders and most blatant supporters of the State Law and Order Restoration Council (SLORC), Burma's ruling junta, has been given an exclusive contract by Harvard Dining Services. As part of this deal the Undergraduate Council has been offered $10,000 of PepsiCo's money. They should not take...
Despite SLORC's atrocious human rights record, some might argue that Western investment ultimately helps the people. There are good reasons to believe this is not true, especially in the case of PepsiCo. Foreign investment is heavily taxed in Burma, such that considerable revenue goes directly to the government. PepsiCo's Burmese partners are known to have close SLORC ties. Burmese law specifies that any foreign corporation employing more than five Burmese must hire only from a government-supplied list, thus eliminating the possibility that Burma's democrats might benefit from the presence of the multi-nationals...
...other business, the council agreed to administer a telephone survey asking students how to allocate the $15,000 the council recently received from PepsiCo. The survey will be submitted to students this week and the results will be reported back to the council at the next meeting...
...addition, several members of the council expressed reservations about accepting the money at all because PepsiCo. has investments in Burma, a country governed by a brutal military dictatorship...
Council members will call 546 students and ask them if they think the council should accept the money from PepsiCo. They will then ask students to rank five choices ranging from having a free concert to giving the money to student groups to donating the money to a Burmese pro-democracy group, Wolinsky said...