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Posts tagged as “QuakerOats”

Quaker Oats to Change Name, Says William Penn ‘Does Not Represent Our Commitment to Crass Materialism’

CHICAGO — The Quaker Oats Company, has announced plans to retire their century-old mascot amid backlash over the character’s history, acknowledging that “the Quaker principles of simplicity and integrity are incompatible with our corporate mission to embrace the extremes of Capitalism.”

Critics of the company, a subsidiary of PepsiCo, says that the move is in the right direction, but some activist investors claim that Quaker Oats knew the image of William Penn “promoted outdated values,” such as stewardship in the community and devotion to integrity in all aspects of life, for years without taking action.… Read more

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