date:Feb 21, 2014
ash flow that may be optimized through an effective balance sheet and capital return program.
Separating snacks and beverages would eliminate PepsiCos current holding company structure, remove layers of unproductive overhead, drive cost savings to reinvest in the brands, and foster operating cultural benefits.
To show its confidence in a standalone beverage business, Trian said it would be willing to buy additional shares and, if asked, join the board of a newly formed beverage company.
Execu