Word: pepsico
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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...
...PepsiCo, which owns Sierra Mist, says the commercial, which started airing in February, conveniently ended its official run on Sunday - three days before the foiling of the British terrorism plot was announced and "liquid explosives" became a ubiquitous term. But cable companies are scheduled to dribble out the spot ads until Tuesday, and neither Pepsi nor the normally irony-aware people at The Daily Show -which was still airing the commercial as of Thursday - are stopping them...
...away from the stocks of small companies, which tend to do best early in a recovery and have had a long run of superior returns. He's also underplaying boom-bust industrial and commodity stocks in favor of blue-chip steady growers like health-care (Lilly) and consumer products (Pepsico, Procter & Gamble...
...bizarre plot could have proved ruinous for Coca-Cola: thieves tried to sell some of its secrets to PepsiCo. But after a tip from Pepsi, the FBI last week arrested the culprits. "Competition can be fierce," says Pepsi spokesman Dave DeCecco, "but must also be fair and legal." Here's how the soda sting went down...