date:Mar 17, 2014
Activist investor Nelson Peltz, whose bid to break up PepsiCo Inc. (PEP) was rejected by management, fired back in a letter to the board yesterday, criticizing its dismissive tone and demanding operational changes.
Peltz, founder of Trian Fund Management LP, called on directors to meet shareholders without Chief Executive Officer Indra Nooyi and her management team. He also demanded that the company consolidate four headquarters facilities into two and disclose returns from bottler acquisitions