date:Feb 21, 2014
f creating a groundswell of support for a separation of snacks and beverages, Trian Fund Management said. Trian hopes to facilitate positive change at PepsiCo with the power of the argument.
PepsiCo issued a statement on Feb. 19.
PepsiCos management and board of directors have spoken clearly on this issue and are fully aligned with our strategy outlined last week, a PepsiCo spokesperson said. We engaged constructively with Trian and invested a large amount of management time and significant fi