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Ben Gilbert

πŸ‘€ Speaker
35701 total appearances
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Appearances Over Time

Podcast Appearances

Acquired
Coca-Cola

Here's something crazy.

Acquired
Coca-Cola

I think a lot of people associate McDonald's and Coca-Cola, both big American companies, both historically American, a lot of Americana in each.

Acquired
Coca-Cola

Until listening to this episode, I didn't really think about the fact that Coke has a 60-year head start on McDonald's in going global.

Acquired
Coca-Cola

And so I read in a couple places that when McDonald's was opening in new countries, the employees would camp in Coca-Cola offices and use Coca-Cola's relationships to get a foothold in the country when they were opening.

Acquired
Coca-Cola

It's like this unofficial partnership that they have.

Acquired
Coca-Cola

Yeah.

Acquired
Coca-Cola

Yeah.

Acquired
Coca-Cola

And lastly, Coke sales teams are prohibited from selling syrup to restaurants for less than McDonald's pays, even if it means they're going to lose the business to Pepsi.

Acquired
Coca-Cola

It is sort of this rule at Coca-Cola that no one gets a lower price per unit volume than McDonald's.

Acquired
Coca-Cola

Big customer.

Acquired
Coca-Cola

So back to the 60s.

Acquired
Coca-Cola

In 1960, a few other things happen.

Acquired
Coca-Cola

The first 12-ounce aluminum cans are introduced of Coca-Cola in the United States.

Acquired
Coca-Cola

A little precursor to what was to come four decades later with non-soda drinks.

Acquired
Coca-Cola

But this is sort of weirdly the only thing that they have other than soda for a long time.

Acquired
Coca-Cola

Ben, you found out Coke had the chance to buy it, right?

Acquired
Coca-Cola

Yes, they did.

Acquired
Coca-Cola

Made a giant mistake not buying it.