date:Mar 17, 2014
theres significant underperformance over a long period of time, coupled with a board and management team that, to date, has been dismissive with their shareholders.
Peltz called on Purchase, New York-based PepsiCo to back up an earlier assertion that Trian used selective data to make its case and misused other information. Trians analysis is based on more than a year of research, and other big shareholders agree that dramatic change is in order at Pepsi, he said in an interview yesterday.
Pep