date:Jul 24, 2014
One of the United States' biggest pension funds has requested that Pepsi give the activist and investor Nelson Peltz a seat on its board, following increasing dissatisfaction with the company's organisation.
CalSTRS, the California teachers' retirement system, owns a $250-million stake in the soft-drink maker. It wrote a letter to Pepsi's independent director, Ian Cook, last month, requesting Peltz's presence on the Pepsi board.
His investment firm, Trian Partners, has been largely unsuccessfu