Campbell's soup stock crashes over alleged ‘3D printed meat'

Core Viewpoint - Campbell Soup Company's stock experienced a decline of over 3% following allegations of misconduct against a senior executive, which has raised concerns about the company's reputation and future performance [1][2]. Group 1: Allegations and Lawsuit - A former employee has filed a lawsuit claiming that Martin Bally, the vice president and chief information security officer, made derogatory comments about customers, stating that the company's products are for "poor people" [5]. - The lawsuit includes allegations of racist remarks made by Bally about Indian colleagues, as well as admissions of drug use prior to work [6]. - An audio recording is cited as evidence of a hostile work environment and the retaliation against the whistleblower who reported the misconduct [2][5]. Group 2: Market Impact - Campbell's shares have fallen more than 27% year-to-date, with pre-market trading at $30.53, indicating a significant decline in investor confidence [2]. - The negative sentiment surrounding the company has led to a social media boycott, particularly due to its associations with major shareholders like BlackRock and Vanguard [4]. - The ongoing lawsuit and the internal investigation into Bally's conduct may further influence share prices, depending on the court's ruling [7].