Word: pepsico
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Whether it is diet Coke, new Coke, classic Coke, cherry Coke or some other soda, more soft-drink fans buy something sold by Coca-Cola than by any other beverage maker. No. 2 PepsiCo keeps trying hard to catch up, and last week the company may have found a way to do so. Pepsi announced an agreement to buy Seven-Up, the third-largest soft-drink manufacturer, from Philip Morris for $380 million. As part of the deal, Philip Morris retains Seven-Up's bottling plants and food division. By adding Seven-Up's 7% share of the $26 billion...
...firms paid no taxes in at least one of the last four years. Those were the findings of a report issued last week by Citizens for Tax Justice, a Washington research and lobbying group supported by labor unions, churches and public-interest lawyers. Among the artful tax dodgers: Boeing, Pepsico, TransAmerica, Greyhound, Grumman and Lockheed. The companies did nothing illegal. They simply applied every loophole, exemption and credit available...
...company has also been torn by internal dissension. Co-Founder Steve Wozniak, 34, left Apple in February following disagreements concerning the direction the company was taking. Chairman Steven Jobs, 30, was kicked upstairs last month during a power struggle with President and Chief Executive John Sculley, 46, a former PepsiCo executive hired in 1983 for his marketing skills...
...disagreement over policy, and last week Jobs lost his position as director of the division that produces the company's powerful and popular Macintosh computer. The move came as part of a major company reorganization. John Sculley, Apple's chief executive and president whom Jobs hired in 1983 from PepsiCo, announced the realignment of the company (fiscal 1984 sales: $1.5 billion). Jobs will remain chairman but will leave day-to-day management and assume a hazier role as the top idea...
...Donghia went on to promote his own decorating fabrics, furniture, china and glassware. His Manhattan office, which he called "gray flannel heaven" for its trademark men's suiting wall covering, welcomed such famous clients as Diana Ross, Ralph Lauren and Real Estate Mogul Donald Trump; his corporate commissions include PepsiCo's world headquarters in Purchase, N.Y., and New Orleans' new Inter- Continental Hotel...