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Coca Cola Extorts Law Firms To Force Racist Practice
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[quote:Anonymous Coward 74827762:MV80Njk4ODEwXzg1NTMxNTUyX0M0RkFDRTZD] [quote:Pilgrim001:MV80Njk4ODEwXzg1NTMxNDAwXzU2NDEzMTMy] Maybe the law firms will take the missing 30% out of coke's CEO's ass. This is Exactly why America has fallen to a 2nd world level. [/quote] I'm a conservative or rightwinger so I tend to prefer a lot of slack being given to the dynamics of capitalism. But even I am disgusted by Limousine-Liberal executives and Champagne-Socialist boards of directors who greedily hog a lot of money for themselves and leave mainly scraps for the proles, drones and serfs of the system. That includes people on the lower rungs of their own companies. [/quote]
Original Message
Coke will withhold 30% of fees owed to law firms that it uses if those firms don't meet Cokes self imposed quotas.
Coke wants to achieve 50% of billable hours specifically to blacks.
"“We will no longer celebrate good intentions or highly unproductive efforts that haven’t and aren’t likely to produce better diverse staffing,” General Counsel Bradley Gayton wrote. “It’s the results that we are demanding and will measure going forward.”
"But Coca-Cola’s is taking rare extra steps by making withheld payments nonrefundable and specifically looking to elevate Black outside lawyers. Gayton said in the letter to firms that the industry’s current efforts “are not working.”
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link to news.bloomberglaw.com (secure)
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