Hip-Hop News: Pepsi Backpeddling On Settlement
Soft drinks company Pepsi goes back on their agreement to donate money to the Ludacris Foundation?
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By Paul Russell
2/13/2003 1:56:54 AM

Last night on Fox's "The Bill O'Reilly Show," representatives for Pepsi implied that they would not be donating money to Ludacris' foundation, as they verbally agreed to earlier this week to avert a boycott of their company.

Russell Simmons, head of the Hip-Hop Action Network and President Minister Ben Muhammad said that Pepsi had been dragging their heels in drafting the formal paper work with the terms that each party agreed to.

"It appears, although not officially, that Pepsi may be trying to backstep on its commitment," Muhammad told AllHipHop.com. "Currently, the officials at Pepsi claim they will have something for us today."

Simmons said that he is giving Pepsi until noon today (Feb. 13) to produce paper work with terms of Pepsi's commitment. A press conference to announce the results is scheduled around 2:00 PM.

Pepsi issued a statement yesterday, saying: "We've come to an agreement where the common ground is young people. We're working together on a multiyear, multi-city effort that will encourage kids to express their creativity in the visual and performing arts."

"What they said on Bill O'Reilly last night was at variance from what they committed to Russell. We not going to be played that way."

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