Claim: The Mormons own the Coca-Cola Company.
Origins: The Coca-Cola Company is far too sizeable a business entity for any one person or group to own, even if that group were Bill Gates and Kerry Packer. Big Red is a publicly traded company
Coca-Cola's largest shareholding entity is Berkshire Hathaway, a company run by Omaha, Nebraska, stock-picking guru Warren Buffett. Berkshire Hathaway holds
group to possess outright.
Underpinning this legend is the notion that Mormons are forbidden caffeinated beverages, thus how deliciously ironic it would be if the Church of Jesus Christ of
Though we hate to ruin a good bit of lore with the facts, the truth is that although Mormons have been advised by church leaders to avoid caffeinated beverages, this suggestion has not been passed down as official church doctrine to which all members in good standing must adhere (unlike, say, the admonitions against coffee, tea, tobacco and alcohol, which are church doctrine). Mormons can swill
Barbara "Coke adds life to rumors" Mikkelson
Last updated: 27 August 2012
Miller, Leslie. "Universities Schooled Hard Way in Ways of Market." The Associated Press. 25 September 1998. Bloomberg News. "Stock Fizzles, Loyalty Doesn't." The Seattle Times. 4 October 1998 (p. G1).