Posted on 01/05/2012 4:15:38 AM PST by jimbo123
Embattled PepsiCo CEO Indra Nooyi is considering laying off roughly 4,000 workers and ending the company’s 401(k) match in order to boost earnings, The Post has learned.
A final decision could be made in days, according to sources close to the situation.
“They are burning the furniture” is how one source described the proposed actions, referring to quick-strike actions undertaken after the usual means of accomplishing the goal of increasing profits have failed.
Nooyi has been testing the patience of company directors who are fretting over the lack of a clear heir apparent, a series of marketing missteps and a stock that is as flat as day-old Pepsi.
(Excerpt) Read more at nypost.com ...
it’s not completely her fault (well the marketing slipups ARE), but stockholders are fickle — they want up-up-up each quarter and CEOs have to resort to cost-cutting, even stupid cost-cutting to satiate these guys...
Flashback:
Woman named CEO of Pepsi-Cola (Isn’t she the middle finger speech maker?)
http://www.freerepublic.com/focus/f-news/1683867/posts
Screw pepsi and their pro abortion, pro gun control, pro globalist agenda.
ping. Worth watching what happens here. Wonder what their BOD looks like..will they go along with this?
barack hussein obama... mmmmmmmmm... mmmmmmmmm... mmmmmmmmm!
LLS
Nooyi is toast. She’ll be gone from PepsiCo before Obama gets the boot in November.
Slashing benefits is a great way to attract top-tier employees. What’s next? Maybe taking away health benefits too?
I”m sure Moochelle wasn’t happy about this:
Indra Nooyi: ‘Pepsi Isn’t Bad For You’ - CNBC
http://video.cnbc.com/gallery/?video=3000055182
I bought either Pepsi or Coke products for parties...whatever was on sale...
....that is till after the last presidential election. I will never buy another Pepsi product again unless they change management...
I don’t imagine the biatch is talking about slashing her own salary and bennies, is she?
Indra Nooyi, like the skid mark in White House, are indicative of what passes for “leaders” in the “diversity is our strength” Amerika devised by liberals; they are clueless, arrogant, and convinced of their own brilliance due to years of coddling by liberal enablers, and due to the perversity of political correctness those individuals responsible for minimizing their adverse effects and incompetence are fearful of removing them.
Obama’s socialist CEO are failing at a spectacular rate these days:
Kodak Preparing for Chapter 11 Filing (Kodak CEO Antonio Perez is member of Obama’s Jobs Council...)
http://www.freerepublic.com/focus/f-news/2828742/posts
Same here. I go to restaurants and order a Coke. The waiter politely asks if Pepsi is ok. I say NO!
How can anybody drink that stuff when they can have the real thing?
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