Word: pepsico
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Dates: during 2000-2009
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...response to the growing obesity problem in the U.S., companies including McDonald's, Coca-Cola, PepsiCo, Kellogg, and Kraft created the Children's Food and Beverage Advertising Initiative last year to self-regulate the $10 billion worth of food and beverage messages they aim at young children each year. The initiative pledges to promote healthy lifestyles for youngsters by giving them healthier food and drink choices. It's a good start, says Robinson. "So far we have seen baby steps toward improving menus," he says, "but it remains to be seen whether these companies will follow through on their promises...
...diaspora has spread beyond Silicon Valley. Indian-born executives have in recent years taken the reins at some of the world's biggest companies. Arun Sarin, a native of Madhya Pradesh in central India, is CEO of Britain's Vodafone. Three months ago, Indra Nooyi was named CEO of PepsiCo after serving five years as the U.S. beverage giant's CFO. Indians have credibility as managers, says Hemant Luthra, head of the Systems & Automotive Technologies division at Indian car-and-tractor manufacturer Mahindra & Mahindra. This was not always so. Luthra remembers visiting Hong Kong in 1991 when India's government...
...Dietz sees some companies positioning themselves trying to capitalize on consumers' battle of the bulge. "Companies like PepsiCo invested heavily in making 'better for you' or 'good for you' products which, from their perspective, has turned out to be a wise business decision because those product lines are growing, at least in last year's data, three times as fast as their other product lines," he said...
NAMED. Indra Nooyi, 50, chief financial officer of soft-drink giant PepsiCo; as the company's chief executive, making her one of just 11 women to head FORTUNE 500 companies; in New York. The Indian-born, straight-talking Nooyi will succeed Steven Reinemund in October. With Nooyi at the helm, PepsiCo will be the largest U.S. company, by market value, to be led by a woman. "Being a woman, being foreign-born, you've got to be smarter than anyone else," Nooyi said last week...
...release of a new study finding high levels of pesticide in locally bottled sodas had India in an uproar last week, and the outrage fell squarely on Coca-Cola and PepsiCo, which boast about 80% of the country's market for soft drinks. The southern state of Kerala has issued an order banning Coke and Pepsi products, while five other states barred soft drinks from public hospitals, government offices and the areas around schools. Nationalist groups burned soda bottles and fed the drinks to donkeys in protest...