November 28, 2004

A highly-caffeinated protest...

Chris Macrae points out this article from The Guardian: Campaign aims to hit Coke where it hurts

An anti-capitalist former stockbroker and the son of Sir James Goldsmith have launched an audacious attempt to halve the value of Coca-Cola's shares.

The radical activist Max Keiser has joined forces with the editor of the Ecologist magazine, Zak Goldsmith, to launch a hedge fund that will donate the profits from short-sales in Coke's stock to the "victims of Coke's business model in places like India and Colombia".

The idea is that as a boycott spreads the money in the fund will increase as shares in the company drop.

Wow, I don't quite know what to make of this. Is it a case of legitimately using a system against itself, or a case of indulging in the very sin that you're complaining about? Either way, take a look at the Karmabanque website for further evidence that we live in interesting times.

Posted by Johnnie Moore at 02:54 in Branding
Bookmark: del.icio.us Digg it ma.gnolia Yahoo MyWeb Google StumbleUpon
Permalink
Trackbacks
URL for Trackbacks: http://www.johnniemoore.com/mt/minotaur.cgi/533.

Listed below are links to weblogs that reference A highly-caffeinated protest...:

» Anti-Corporate (And Anti-American) Activists Go For The Jugular from AdPulp
The Guardian and Johnnie Moore have brought our attention to a unique, and complicated, new method to bring harm to corporations with questionable human rights and environmental records. from The Guardian: An anti-capitalist former stockbroker and the ... [Read More]

Post a comment