| Letter To Coca-Cola Enterprises - Board of Directors sent |
We would like to thank all who sent comments on the letter to the Board of Directors of Coca-Cola Enterprises. The showing of support was encouraging and the excellent comments have improved the letter.
This will be the first of a monthly letter to one of the many bottling companies that distribute Coke products. So far - Coke executives have shown that they care more about their politically correct agenda and capability to buy government influence than either their long time customers or stockholders. But this is a position that will crumble over time.
So far they have refused to even acknowledge receipt of our communications, so lets put a ramp up in place. Beginning in October and the letter below, we have started notifying companies who are paying the price for Coke executive's arrogance. The bottling companies.
Beginning in November we will begin a similar process with the mutual funds that are major holders of Coke stock. A partial list follows:
| Holder ||Shares ||% Out ||Value* ||Reported |
|Vanguard 500 Index Fund ||22,636,376 ||0.93 ||$1,142,684,232 ||30-Jun-04 |
|Fidelity Magellan Fund Inc ||19,666,100 ||0.81 ||$992,744,703 ||30-Jun-04 |
|College Retirement Equities Fund-Stock Account ||11,977,367 ||0.49 ||$607,851,375 ||31-Dec-03 |
|Vanguard Institutional Index Fund-Institutional Index Fd ||9,851,017 ||0.41 ||$497,279,326 ||30-Jun-04 |
|SPDR Trust Series 1 ||9,621,473 ||0.4 ||$413,338,485 ||30-Sep-03 |
|Vanguard Total Stock Market Index Fund ||8,724,243 ||0.36 ||$440,399,775 ||30-Jun-04 |
|Fidelity Growth & Income Portfolio ||7,075,100 ||0.29 ||$357,787,815 ||30-Apr-04 |
|Fidelity Blue Chip Growth Fund ||6,355,100 ||0.26 ||$321,377,414 ||30-Apr-04 |
|Growth Fund Of America Inc ||6,290,000 ||0.26 ||$317,519,192 ||30-Jun-04 |
|Washington Mutual Investors Fund ||6,075,000 ||0.25 ||$306,665,992 ||30-Jun-04 |
A Mutual Fund such as Vanguard with over one billion dollars of Coke stock may not be very happy about thousands of Coke customers buying other beverages! They would probably prefer that Coke stick to selling beverages and get out of politics!
The following is a graph of Coke vs. the Dow Jones average. Coke stock seems to be performing worse that the DJ. Dow Jones in red, Coke in Blue.
Once again we will send one notification letter a month.
In December, we will begin issuing one Press Release to the media a month. There has been some limited media contact, but so far they do not understand what this effort is about. Our goal is not to put Coke, a multi-billion dollar globalist company, out of business. That would be ludicrous. It is much, much easier to understand. We are simply not going to buy Coke products until they make amends for desecrating Southern Heritage and cease and desist.
Desecrating Southern Heritage is an abuse of corporate funds, has nothing to do with selling beverages and is just an example of corporate special interests and their unholy influence in government.
It is up to Coke to determine how much money they want to lose before they get out of politics and back to the business of selling beverages. We do not believe that many stockholders are going to be happy when they begin to understand.
In January, there will be a real surprise for Coke if they have not responded by then.
In the meantime, help spread the word and get more petition signatures.
The Coca-Cola Company Should Get Out of Politics Petition
Letter to CCE follows and once again, please send us your comments, this is your effort.
John R. Alm
President & Chief Executive Officer
Coca-Cola Enterprises Inc.
2500 Windy Ridge Parkway
Atlanta, Georgia 30339
October 11, 2004
Dear Mr. Alm:
For some time Coca-Cola has been using corporate funds to influence our State government (and others) to pass anti-Southern legislation. Coca-Cola was directly involved, for example in the creation of The Georgia Business PAC for the purpose of rewarding legislators who supported "stealing" the Georgia State Flag.
This unholy influence and the blatant discrimination against those of Southern Heritage have angered many of your customers. A steadily increasing number of your customers are joining the Boycott Coke effort to demonstrate their dis-satisfaction with Coke's political involvement.
As the primary bottler of Coca-Cola products the boycott is having an impact on your business. The attached correspondence provides additional information.
Despite our efforts to bring this matter to the attention of the Coca-Cola Company, its corporate officers and designated company representatives - the only responses have been denial or a statement that we are too disorganized to even be considered.
The denial was deceitful as the campaign finance reports of The Georgia Business PAC are public record and the Atlanta Journal has even reported the purpose of that PAC. The casual and insulting disregarding of communication as being not organized enough to be considered has only resulted in increased loss of business. It also does not speak very highly of their corporate ethics.
Should you wish to discuss this matter please contact our spokesman, Rev. William Swann.
In the meantime we remain your former customers.
725 Ridgeview Road
Morganton, Georgia 30560
Encl: Verified electronic petition signatures (The Coca-Cola Company Should Get Out of Politics petition, online at: The Coca-Cola Company Should Get Out of Politics Petition (closed))
November 18, 2003 - Letter to Warren Buffett, member Coke Board of Directors
November 18, 2003 - Letter to Douglas Daft , Board of Directors
March 1, 2004 � Letter to Douglas Daft, Board of Directors and registered agent (Georgia).
September 27, 2004 - Letter to E. "Neville" Isdell, Board of Directors
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