The Coca-Cola Company
In 1916, after Candler was elected mayor of Atlanta, he ended his day-to-day management of the Coca-Cola Company. In 1917, the Coca-Cola company agreed to reduce by 50% the amount of caffeine in the drink. In 1919 Candler gave most of the stock in The Coca-Cola Company to his children. They sold their shares to a consortium of investors led by Ernest Woodruff.