It has been a good investment for me.
Posted on 08/15/2006 4:24:11 AM PDT by saveliberty
Pepsico Inc. Chief Financial Officer Indra K. Nooyi will replace Steven Reinemund as chief executive, the Pepsi-Cola and snacks company said yesterday, making her the No. 2-ranked female CEO in the Fortune 500.
With her Oct. 1 appointment, Mrs. Nooyi takes her place in an elite group of 11 female CEOs running Fortune 500 companies. Patricia Woertz at agricultural processor Archer Daniels Midland Co. ranks first. ADM is ranked 56th in the Fortune 500, while Pepsico, the world's second-largest soft-drink company after Coca-Cola Co., is ranked 61st.
"I'm very excited and at the same time very humbled," she told analysts during a conference call yesterday morning.
Mrs. Nooyi said she felt fortunate to be taking over at a time when Pepsico was in such a strong position, with solid growth across all its business units. She and Mr. Reinemund have worked closely over the last five years, and Mrs. Nooyi described their relationship as one in which they complete each other's sentences.
"Indra Nooyi is truly a star and has been working side by side with Mr. Reinemund over the past several years," Citigroup analyst Bonnie Herzog wrote. "She has been very involved with every major decision Pepsico has made over the past five-plus years, and therefore, we expect this transition to be very smooth."
(Excerpt) Read more at washingtontimes.com ...
I stopped liking Coke years ago when the recipe changed for the $%^%^$#%th time. The last coke that I enjoyed was in the late fifties. There unfortunately is no comparison with what passes for Coke today. Caramel flavored corn syrup. Pepsi on the otherhand tastes pretty close to what I remember from those days of yesteryear. PS, is there a photo of the flaming ms nooryi?
Guess I hadn't reached 89 yet.
Nooyi grew up in India with a mother who expected her to excel. “It was no fun sometimes, really awful,” she recalled. “If you came home with 95 in geography, you had to study geography for the next two weeks. My mother would cry if you didn’t get 100 in math.
“Every night at dinner, my mother had my sister and me debate. We had to speak about something like, ‘If you were prime minister of India, what would you do if …” Nooyi’s mother made up different scenarios for the girls to debate, then decided who had presented the better argument. The winner received half of a square from a Cadbury chocolate bar.
Nooyi came to the United States to attend graduate school at Yale. Early on, she realized she would have to adapt to her new country because it wasn’t going to adapt to her. She noticed that people often used baseball as a subject of small talk. “I didn’t understand what they were talking about. I grew up with cricket. But was I going to spend my life changing this culture’s ideas about cricket? I’d be dead before that happened. I decided to join the gang. So I went to school on the N.Y. Yankees. I studied every statistic. I became an expert on everything about the [team].”
Link to cached 'How Pepsi Got its Fizz Back'--Oct. 2003:
http://72.14.203.104/search?q=cache:4qSMjbfmuvgJ:knowledge.wharton.upenn.edu/article.cfm%3Farticleid%3D865+pepsi+stake+in+YUM&hl=en&gl=us&ct=clnk&cd=6
Have any of you crusaders ever stopped to think that there may be good Freepers here (such as myself) who work for Pepsi distributors, but have no say in who gets appointed to head the organization?
I've never even heard of this woman until this morning reading this thread, and her politics really don't matter to me because I have no contol over her employment. IOW, there ain't a damn thing I can do about it.
I'm sure all the upper management of Coca-Cola, the makers of 7-Up and Dr. Pepper, RC Cola and other beverage companies are all true patriots who wear American Flag lapel pins, even on their jammies. If you're going to boycott every company that has a lefty in it's employ, you'll be eating grubs out of rotting logs and drinking from streams. (Watch out for giardia...don't forget to boil the water first.)
There are many good conservative Americans who work at Pepsi and it's licensees as well. If you want to hurt them to spite one immigrant wacko who doesn't even know you exist, then have at it, I guess.
"...IOW, there ain't a damn thing I can do about it."
Well, there is something that I can do about it. When the Board has their bottom line hurt, they will change their leadership. If not, then so be it.
"If you're going to boycott every company that has a lefty in it's employ,..."
Being in the employ and being the top dawg are two different things. I don't eat Ben and Jerry's either.
"Have any of you crusaders ever stopped to think that there may be good Freepers here (such as myself) who work for Pepsi distributors, but have no say in who gets appointed to head the organization?"
You don't own any stock for Pepsi? If your livelihood is hurt and you own stock, then you do have a say. Sounds like you need a better grasp on your liscenser's operations.
I think there is a photo earlier in the thread - with a bottle of pepsi.
No, I don't own any Pepsi stock, wiseass, that is, unless it's one of the hundreds of stocks that make up the mutual funds in my retirement plan.
And even if I did own Pepsi stock and started making a stink about this woman being CEO, I would be "politely" asked by my employer to shut the hell up to avoid trouble. I don't need that kind of crap at work. I like my job, things are going well and I want it to stay that way.
Lifelong Pepsi drinker here. If my wife stops drinking it too, I suggest everyone sell any stock they own in PEP.
"No, I don't own any Pepsi stock, wiseass,.."
Most people that work for publicly traded companies do actually own at least some stock in that company. It allows them to vote on major decisions and on the membership of the board. It would give you the tools to actually speak out. So no, it was not a wiseass comment, it was a legitimate question.
"I like my job, things are going well and I want it to stay that way."
Unless of course those of us that don't like this move are able to make a difference in the market. Don't worry to much tho', apathy is almost always rewarded.
YUM has been good to me, too.
We're Coke drinkers in our house. Mr.FF drinks tons more soda than I do, but I've always preferred Coke too. Pepsi tastes awful.
This bird's for you.
:-) I prefer Coke too.
Oh, man. I remember reading about that speech. Pepsi could do a lot better with its affirmative-action hires than this America-hating scumbag Indra Nooyi. Even if you take her back-tracking "explanation" at face value, how could somebody who is naive enough to (apparently) believe the propaganda spewed by the socialist "mainstream" global press ("the world hates America", etc.) ever end up in charge of a marketing enterprise like Pepsi?
Really, really weak.
I think this post supports your position
http://www.freerepublic.com/focus/f-news/1683867/posts?page=103#103
This seems to show that she's intolerant of us. So she is engaging in transferrence (pointing her intolerance on us and then criticizing us for her flaws)
I drank a few Pepsi's back in the 30's or early 40's when Pepsi was introduced with "Twelve full ounces, that's a lot" and Cokes were 6 ounces. Couldn't stand the taste, even for "Twice as much and for a nickle too".
CoCola reigns supreme!
Are you going to chicken out?
Joan Crawford: Don't f*ck with me fellas. This ain't my first time at the rodeo.
A book, 'The Peter Principle' discussed this.
Peter Principle
n.
The theory that employees within an organization will advance to their highest level of competence and then be promoted to and remain at a level at which they are incompetent.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.