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Ben Gilbert

πŸ‘€ Speaker
35701 total appearances
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Appearances Over Time

Podcast Appearances

Acquired
Coca-Cola

So starting in 1980, he got 50%.

Acquired
Coca-Cola

And then by 1984, they replaced it 100%.

Acquired
Coca-Cola

But basically because sugar kept getting more expensive and farm subsidies for corn kept making high fructose corn syrup less expensive, it became like, well, as long as customers are willing to do it and it doesn't seem to be worse for people's health, economically, it became a no-brainer to do it.

Acquired
Coca-Cola

And ultimately, Gosweta got it because he was Woodruff's protege.

Acquired
Coca-Cola

I would say Gosweta, at least as it comes across in the book Secret Formula, did a very good job of sort of managing up and making sure that Woodruff felt taken care of and informed.

Acquired
Coca-Cola

I could see that.

Acquired
Coca-Cola

Yeah.

Acquired
Coca-Cola

Which I always thought this was stupid.

Acquired
Coca-Cola

Like, whenever you hear stories of, oh, and at one point in the coked-out 1980s where everyone was doing crazy stuff, Coke even went and bought...

Acquired
Coca-Cola

Columbia Pictures.

Acquired
Coca-Cola

A movie studio.

Acquired
Coca-Cola

But financially, it actually was great for them, even though no business is as good as Coca-Cola's core business.

Acquired
Coca-Cola

Everything pales in comparison, unless it's Visa or a software company or something like that.

Acquired
Coca-Cola

Amazing.

Acquired
Coca-Cola

Warren Buffett is like this real-life Forrest Gump.

Acquired
Coca-Cola

I mean, the number of things that he invested in that would become these unbelievable bonanza investments, like greatest-of-all-time investments...

Acquired
Coca-Cola

Oh, it was a guy who lived on my street.

Acquired
Coca-Cola

Oh, it was the woman that ran the furniture store in my town growing up.

Acquired
Coca-Cola

It happens over and over and over again.

Acquired
Coca-Cola

Are you kidding me?