Campbell's stock price sinks to lows not seen since the Global Financial Crisis

Core Viewpoint - Campbell's stock has been under scrutiny due to a controversy involving the vice president and chief information security officer, Martin Bally, who allegedly made derogatory comments about the company's products and colleagues [1][3]. Stock Performance - Campbell's stock closed down more than 3% on November 24 and an additional 0.6% the following day, currently trading at $30.42, which represents a nearly 28% decline year-to-date, reaching lows not seen since the Global Financial Crisis [2]. Management Response - The company has placed Martin Bally on leave while investigating an audio recording of his comments regarding "poor people" and his colleagues [3]. Legal Action - Robert Garza, a former cybersecurity analyst, recorded Bally's comments and has filed a lawsuit against him, claiming wrongful termination after raising concerns about racial discrimination and harassment [4]. Company Defense - Campbell's issued a statement defending its values and products, emphasizing that Bally's language does not reflect the company's culture and that it does not tolerate such behavior [5]. Product Quality Assurance - The company highlighted on its website that the chicken used in its soups is sourced from "long-trusted, USDA-approved U.S. suppliers" and meets its quality standards [6].