The firm manages a multi-billion dollar diversified portfolio for thousands of clients. The same stocks are purchased for each client. Pilsbury, for example, owns Steak 'N' Ale restaurants, which serve not only steak but beer. The alcohol sales constitute a minute fraction of Pilsbury's revenues. Pepsi owns Pizza Hut, which serves beer.
All commercial airlines hold alcoholic beverage permits.
The legislature codified section 5.05 in 1977. See Acts 1977, 65th Leg. Attorney General Opinion V-1259 at 5. Indeed, this state has a long-standing policy prohibiting a state officer or employee from having any interest, financial or otherwise, direct or indirect, or from engaging in a business transaction or professional activity that substantially conflicts with the proper discharge of his or her duties in the public interest. The legislature has enacted several statutes that codify this long-standing policy.