PepsiCo suspends all political contributions

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PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political ...

PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden's victory.

FILE PHOTO: The Pepsi logo is pictured in Irwindale, California, U.S., July 11, 2017. REUTERS/Mario AnzuoniREUTERS: PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden's victory.

Last week, five people lost their lives, including a police officer, when supporters of President Donald Trump stormed the Capitol in an attempt to disrupt the formal recognition of his election defeat."We are suspending all political contributions while conducting a full review to ensure they align with our company's values and our shared vision going forward," the snacks and beverage maker said in a statement.

 

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