Middle America's Worldview

In the day of transparency, why would one of America's leading soda company's refuse to have this type of resolution?

PepsiCo, is opposing a shareholder resolution that requires it provide more information concerning its charitable contributions. The resolution will be voted on at the shareholders meeting May 6. The resolution reads:

"Resolved: That the shareholders request the Company to provide a semiannual report...disclosing: the Company's standards for choosing which organizations receive the Company's assets in the form of charitable contributions; business rationale and purpose for each of the charitable contributions; personnel who participated in making the decisions to contribute; the benefits to the Company and beneficiaries produced by Company contributions; and a follow-up confirming that the organization actually used the contributions for the purpose stated."