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Pepsi Shareholders Asked to Stop Funding Hate

Posted on: Thu, 07 May 2009 07:45:00 EDT

Symbols: PEP

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PLANO, Texas, May 7, 2009 /PRNewswire-USNewswire via COMTEX/ --
PEP | Quote | Chart | News | PowerRating -- Speaking at the PepsiCo annual shareholders meeting yesterday, Greg Quinlan of Parents and Friends of Ex-Gays & Gays (PFOX) asked PepsiCo to stop using shareholder profits to fund anti-heterosexual groups. PepsiCo produces Frito-Lay snacks, Pepsi-Cola and Gatorade drinks, Tropicana juices, and Quaker foods.

Citing his experience as a former homosexual, Quinlan asked PepsiCo stockholders to stop donating money to groups that aim to discredit the ex-gay community:

"Last year PepsiCo gave away half a million dollars to PFLAG, Parents and Friends of Lesbians and Gays. PFLAG is a gay organization that supports tolerance for gays but does not believe in tolerance for ex-gays and other heterosexuals. When Republican Vice Presidential nominee Sarah Palin's church sponsored an ex-gay conference last year, PFLAG issued press releases against Sarah Palin and organized protests at her church. This same church was later anonymously vandalized by fire, reminiscent of the burning of black churches in the South during the civil rights movement. Churches should welcome former homosexuals like me, and PepsiCo should not fund organizations like PFLAG that do not welcome diversity, but promote hatred.

I have been shouted and heckled by PFLAG members because I am out and open in society as a former homosexual. Why does PepsiCo fund groups like PFLAG that hate people who are different from them? This is not tolerance or inclusion by any definition.

By funding PFLAG, PepsiCo promotes fear and hostility against the ex-gay community and our supporters, and spreads lies about ex-gay organizations. Diversity does not mean funding one organization so that it can attack another.

Currently, there is a boycott of PepsiCo by AFA, the American Family Association. AFA is a grassroots organization of concerned families across the country that successfully boycotted Ford Motor products for donating money to gay activist organizations. Now they're boycotting Pepsi products. Their boycott petition already has over 300,000 signatures at www.boycottpepsico.com.

The PepsiCo Board of Directors approved a $13 million total compensation package for the CEO, Indra Nooyi, in addition to her free personal use of the PepsiCo company plane, and a car and chauffer for commuting. So PepsiCo can afford to issue a shareholders report revealing how your money is being spent on dubious charities that support hate against ex-gays like me."

Visit http://pfox.org/about_us.html for information about the ex-gay community.

SOURCE Parents and Friends of Ex-Gays (PFOX)

http://www.boycottpepsico.com

For full details on Pepsico Inc (PEP) PEP. Pepsico Inc (PEP) has Short Term PowerRatings at TradingMarkets. Details on Pepsico Inc (PEP) Short Term PowerRatings is available at This Link.

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