It appears that PepsiCo views structural change as a sign of weakness, an admission of failure, and an untenable break with past traditions.
Sentiment: NEGATIVE
Pepsi and Coke have to co-exist on the shelf for the long term because if they pull each other down, no one's going to drink carbonated soft drinks anymore.
There are two kinds of artists left: those who endorse Pepsi and those who simply won't.
Companies the size of PepsiCo is like running a little republic, there is no question about it. The only difference is that I don't have to worry about the media hounding me every day, on every word that I say. I have a board of directors that runs the country in the interest of the stake holders.
PepsiCo is a $63 billion company. Half the company is snacks, and half the company is beverages. We have a glorious snacks business and a glorious beverage business. We are extremely profitable. We are growing.
PepsiCo did not have a woman in the senior ranks, nor a foreign-born person who was willing to think differently.
Here in America, the big-brand collaborations kind of signify how far you've gotten. So in that sense, it's a giant kudos to us that we, within the first year, get to be the first ones to be the launchers of this Pepsi Sound Drop.
Food service is a growth area for PepsiCo.
Pepsi is the second-most-recognized beverage brand in the world after Coke, and eighteen of PepsiCo's other brands, which include Tropicana, Gatorade, and Quaker Oats, are billion-dollar businesses in their own right.
PepsiCo is the largest food-and-beverage company in the United States, and the second-largest in the world after Nestle. If PepsiCo were a country, the size of its economy - sixty billion dollars in revenues in 2010 - would put it sixty-sixth in gross national product, between Ecuador and Croatia.
In 1994, when I came to PepsiCo, there were really three businesses. They were soft drinks, which included both bottling and the concentrate company. There were salted snacks - Frito Lay. And restaurants where we had, we all talk of them, Pizza Hut, KFC and a whole bunch of casual dining chains.