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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 |
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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.
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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.
Sincerely,
Mike Crane
725 Ridgeview Road
Morganton, Georgia 30560
Encl: Verified electronic petition signatures (The
Coca-Cola Company Should Get Out of Politics
petition, online at:
http://www.spofga.org/petition/petition.phtml?PetitionID=4)
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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