Word: pepsico
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Dates: during 1990-1999
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...Frito-Lay plant there runs through an expanded treatment facility in order to minimize environmental problems. That expansion was part of a multimillion-dollar incentive package the AEDC gave Frito-Lay to lure the company to Jonesboro. Frito-Lay is not exactly needy. It is a profitable subsidiary of PepsiCo Inc., the giant soft-drink and snack-food company that had sales of $20.9 billion...
...busily boosting quality and shutting down poorly performing stores. Under pressure from Papa John's, Pizza Hut spent $50 million last year to roll out what it called Totally New Pizzas, featuring thicker tomato sauce, fresh sliced vegetables and meatier toppings. Meanwhile, Pizza Hut has closed 250 stores since PepsiCo spun it and siblings Taco Bell and KFC into Tricon last year. The new strategy pushed Pizza Hut's same-store sales up a strong 9% in the second quarter, although the company said last week the pace slowed to 4% in the third quarter. "Pizza Hut has generated very...
...Pizza Hut's own challenge to customers to find a better pizza, Papa John's twitted its rival for using tomato sauce made from yucky-sounding "remanufactured paste." To rub in more salt, Papa John's called on Pizza Hut co-founder Frank Carney, who sold the chain to PepsiCo in 1977 and now owns more than 70 Papa John's franchises, to declare in television spots, "Sorry, guys, I found a better pizza." Schnatter professes to be delighted that Pizza Hut responded angrily with a lawsuit, which he calls a publicity stunt. "They took the bait," Schnatter says...
...firm, and Reader's Digest, have decided to auction off hundreds of millions of dollars' worth of art, like the Modigliani to the right. Half of the Fortune 500 have collections of consequence. Among the largest collectors: Equitable, which owns hundreds of works, including murals by Thomas Hart Benton; Pepsico, famed for its sculpture garden with pieces by Henry Moore; Paine Webber, which has works by the likes of Willem de Kooning and Jasper Johns; Sara Lee, which just gave some of its best items to museums; and Forbes. Malcolm collected everything from Faberge eggs to toy soldiers...
...sure, the Wartmanns are lucky. PepsiCo sets aside more than $1.5 million to dole out to employees' kids each year. But this one family's success carries a lesson for every family, whether your child is 18 months or 18 years away from freshman year. In spite of the record-high sticker prices, now is actually a great time to be headed for the halls of higher learning--right on the heels of Chelsea Clinton. Since her dad, the President of the U.S., has already paid a year's worth of tuition at Stanford, one of a growing list...