date:Mar 17, 2014
e seven-page letter.
Jim Wilkinson, executive vice president of communications for PepsiCo, said in an e-mailed statement that major shareholders may consult with our presiding director at any time, and that director, along with another independent director, have already met with Trian without management present.
Wilkinson said the board backed managements decision that PepsiCo should remain an integrated food and beverage company.
Nooyi and director Ian M. Cook have rejected Peltzs previous