Blog: Chris Brook-CarterPut it in a memo

Chris Brook-Carter | 2 March 2004

The fears that the current uncertainty at Coca-Cola Company over who will suceed outgoing CEO Doug Daft will de-stabilise business efforts, is apparently not the sole domain of the investment community.

According to the Atlanta Constitutional Journal late last week, Coca-Cola's departing chairman and CEO is trying to persuade employees "not be distracted by the background noise" as the CEO selection process begins.

Daft apparently sent an internal memo late Thursday urging workers to focus on the business, even as future leadership remains uncertain.

"We simply must not take our eye off the ball or lose the positive forward momentum we have all worked so hard to create," the memo said.

The Journal, in its report, went on to highlight a research note from UBS, in which analyst Caroline Levy downgraded Coca-Cola.

She said: "In our opinion, Steven Heyer may not be selected as the next chairman and CEO," before adding that the board's hiring of an outside candidate could mean that "many Coca-Cola employees may become distracted as they fear for their jobs and await new strategic plans."


BLOG

Bad day on the beer? This'll help

If you work for a brewer and are having a rough week, take a minute to regain some perspective with this, from the good people at US craft beer producer Sierra Nevada Brewing Co....

BLOG

Brewers Association "bid" to buy Anheuser-Busch InBev strikes a chord

Is this a case of if you can't beat them, buy them?...

BLOG

Non-alcoholic beer fails the Bernstein challenge

Crazy days in the Bernstein offices. Taking time out from being one of the world’s top beverage analysts, the Bernstein team, lead by its London-based veteran Trevor Stirling, held its very own taste ...

BLOG

AG Barr launches Funkin innovation search

AG Barr has lined up a Funkin campaign in the UK to find an 'innovation champion'. ...

just-drinks homepage



Forgot your password?