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by Topher on April 13th, 2004

Topher

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Do Mormons own Pepsi?

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  • by Anonymous on September 18th, 2005

    Anonymous

    Some do. Myself, I have a couple of cans of A&W Root Beer and about 3 quarts of mango nectar.

    If the question was whether the Church owns Pepsi, no. The Church MAY have investment in some companies and funds which do business with Pepsico, or in which Pepsico has also invested. This is the nature of modern business, especially with the massive number of mergers, takeovers and divestitures over the last 50 years. It is not uncommon for a company audit to list shares of ownership in a competing company, usually courtesy of a division swap. For instance, a Company 1 may sell off Division A to a non-competing company which then merges with Company 3 (a direct competitor to Company 1), while Company 1 still holds some interest in its former division.

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