What about the stockholders – how do they feel about it? They put too many nuts in their cereal base.
“Woke” Leader Kellogg’s Breaking Up After Financial Loses
CULTURE“Woke” Leader Kellogg’s Breaking Up After Financial Loses
Two weeks ago-brand U.S. corporations’ wealth and prosperity came as a result of marketing their products and services to everyone, not just those who have gone woke.
Disney and others businesses, whose founders are turning over in their graves right now, are in effect abandoning their older, more conservative customer bases.
In response to their radical moves to the left, millions of their customers, some third generation, had moved on, causing financial hardship in the aftermath.
One of the leaders in the movement of Woke Capitalism, The Kellogg Company, said on Tuesday that it is breaking itself up into three independent companies.
The new businesses will reportedly be divided into a global snacking company, a North American cereal company, and a plant-based food company.
The three new publicly-traded companies’ names will be determined later, Kellogg said.
The break-up has been approved by its board of directors.
“Kellogg has been on a successful journey of transformation to enhance performance and increase long-term shareholder value,” said Steve Cahillane, the company’s chief executive and board chairman.
Breitbart News in 2017 called out Kellogg’s for its affiliation with globalists who are working to destroy our Ameican way of life.
Every time an American family picks up a box of Kellogg’s cereal at the grocery store, it is contributing to the wealthy radical leftwing foundation that agitates for open borders, supports George Soros’s Open Society Insitute, and pushes a host of leftwing causes.
The W.K. Kellogg Foundation is the largest shareholder of the Kellogg Company. According to its 2016 tax filing, the Kellogg Foundation’s trust owns approximately $5.2 billion of stock in the company, about 20 percent of the company’s equity. The other large holders are mostly passive investors such as mutual funds and their ownership is a fraction of the foundation’s. That means that the foundation effectively controls the famous cereal company.
Kellogg shares have been all over the map for the past five years, but in the end, stalling in value.
With no profits to pay out in dividends, a new direction is required.
I say good, and hopefully, other businesses like Kelloggs who have kicked their loyal customers to the curb, also struggle financially, and maybe even call it quits.
I believe their departures would be better for America, so my permanent lifetime boycotts will remain in place.
That is what happens when you put people in positions who are not smart enough to realize what they are doing to the majority and allow a few “nuts” to become “cracked hulls.”