What Indra Nooyi said that led to Pepsico stocks falling

Such was the criticism against Nooyi that #BoycottPepsi is being widely used on Twitter

By: News Desk |
November 16, 2016 6:48 pm

“Is there a box of tissues here?,” Pepsico CEO Indra Nooyi said after Donald Trump was declared a winner in the US presidential elections. It seems the CEO may actually have to look for that box of tissues. A staunch Hillary Clinton supporter, Nooyi had said that all her employees were crying after the result was announced.

This is what she had said:

“I had to answer a lot of questions from my daughters, from our employees. They were all in mourning. And the question that they’re asking, especially those who are not white, [is] ‘Are we safe?’ Women are asking ‘Are we safe?’ LGBT people are asking ‘Are we safe?’ I never thought I would have to answer those questions,” the PepsiCo CEO told Andrew Ross Sorkin at The New York Times’ DealBook conference on Thursday.

However, what is being claimed is that Nooyi told Trump supporters to “take their business elsewhere.” Owing to this alleged statement, PepsiCo stocks have been falling.

Pepsi stock after CEO tells Trump supporters to “take your business elsewhere” is plummeting. Great job guys. #BoycottPepsi #MAGA pic.twitter.com/qqVonENwJY

— Steve Hirsch (@Stevenwhirsch99) November 14, 2016

Pepsi has lost $800m in market cap today. And the boycott just started. #Trump #Trump2016 #BoycottPepsi #BoycottPepsiProducts pic.twitter.com/fOjfPX93yJ

— THE NEW RIGHT (@The_NewRight) November 15, 2016

In fact, what she had said was that the decision has been made and should be respected. “The process of democracy happened. We just need to let life go on,” she said.

Nowhere in the interview did the CEO say that Trump supporters should “take their business elsewhere”. Despite her opposition to Trump, she congratulated him for his success.

She added that American citizens need to be assured that what Trump said during his speeches was just an “election talk.” Though she admitted that she was disgusted by the language Trump has used when discussing women.

The criticism against Nooyi is such that #BoycottPepsi is being widely used on Twitter.

I encourage all of you to stand with us and #BoycottPepsi after the CEO made comments about President-elect Trump. pic.twitter.com/c1RmdvIEOf

— Trump Presidency (@DonaldDynasty) November 16, 2016

These are your options, if you’re sick of corporate CEO interference in elections… #BoycottPepsi pic.twitter.com/UXZX0xh8BB

— James Woods (@RealJamesWoods) November 15, 2016

IT'S WORKING: @Pepsi stock is dropping! Keep #BoycottPepsi going, even trending! Their stock is heading below $100/share! #WeThePeople pic.twitter.com/N2VKp4nzBQ

— Sheila Cooper (@S_Cooper0404) November 15, 2016

“How dare we talk about women that way. I don’t think there’s a place for that kind of language in any part of society, not in locker rooms, not in football players’ homes, not in any place. And, if we don’t nip it in the bud, Andrew, this is going to be lethal force that’s going to take over society,” Nooyi had said.