Campbell’s (NASDAQ: CPB) stock crashed more than 3% on Monday, November 24, after a former employee alleged in a lawsuit that the vice president and chief information security officer, Martin Bally, was mocking “poor people,” ridiculing the company’s products, and making racist comments about colleagues.
The accusations center on an audio recording that allegedly contains proof not only of a hostile work environment but also the firing of the whistleblower who reported the incident. Moreover, the executive’s comments on “bioengineered meat that came from a 3-D printer” have also sparked a lot of controversy among environmentally conscious investors.
Having heard the audio, I think it’s pretty clear he was probably making a hyperbolic statement about genetically engineered meat. It was something so the effect of “No I don’t wanna eat it after learning what they put in there. [Lists a few things, including GMO meat.] I don’t wanna eat bioengineered meat from a 3d printer!” I don’t think he believes the meat comes from a 3d printer. I do believe he doesn’t trust the meat (for whatever reasons I’m addition to being GMO). But I really really doubt he believes it’s 3d printed. I think it was sarcasm.