Word: pepsis
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Robert E. Tomasello of Dudley Hall--Jubilee Committee, Treasurer, Class Committee, Crimson Key Society, Dudley Hall House Committee, Harvard Catholic Club, House football, House hockey, Freshman football. Thomas Weesner of Lowell House--National Scholarship and a Pepsi-Cola Scholarship holder, RYRC, business staff of the Lowell House opera, House play, a House agent for the sale of NSA purchase cards, Union Debate Council. Miles I. Levine of Lowell House Business Manager of 1951 Freshman Red Book, House Dance Committee. James P. Johnson of Kirkland House Freshman soccer, Varsity soccer. Kirkland House Committee, House athletics, PBH, Outing Club...
...stockholders who gathered in Manhattan's Town Hall last week, President Mack had some more bad news. Pepsi's 1948 net had dropped to $3,152,817 (from $6,769,834 in 1947), and its first-quarter sales for 1949 were below those of the same period in 1948. Nevertheless, Mack was sure the worst of the company's postwar readjustment would be over in another six months...
Bottles & Bonuses. Pepsi has cut costs (minor item: its annual art awards have been abandoned), and the company has a new eight-ounce bottle to sell for 5? at race tracks and ball parks. For home consumption, there is still the old twelve-ounce bottle (new price: 6?). Pepsi also has a new syrup pump for drugstores; at the first plunge, it plays the Pepsi jingle. To cash in on these new ideas, Mack has brought Coca-Cola Vice President Al Steele into the company as sales boss...
Shots & Shares. After he stumbled off, another stockholder popped up. Why not put vending machines in high-school cafeterias? Mack said he would try. Why had Pepsi's simple offices in Long Island City been sold, and expensive, midtown Manhattan offices rented instead? Said Mack: renting was cheaper and, anyhow, shouldn't executives have dignified offices? The stockholders applauded...
Finally, everyone had another round of Pepsi, and the pepped-up stockholders went home. Stock-market traders had joined the party for a little whirl; this week, Pepsi rose to $12 a share...