Once the BOD gets rid of the empty suit with a nice pedigree, the stock will jump to $70+/share...until then we'll languish in a range in the sixties...no movement in stock price since nooyi has taken the helm...out with her...next out with the BOD
Agree! How is she still CEO after five+years and basically no increase in stock performance, annual layoffs, constant restructurings, low/no annual merit increases except for her and her executive team, minimal annual performance bonuses except for her, etc??? She can talk a good game and blame the economic situation, commodity pricing, etc but that is totally wrong! Her strategy has not worked! She has lost share to Coke. Pepsi is now #3 brand behind Coke and Diet Coke since she took over. Employee layoffs and restructuring every year has killed the culture and the "fight" in the employees. PEP people (current and ex employees) are now drinking competitive products which is a sign that she has lost their loyalty because she has demonstrated no loyalty to them. This would never have happened in the past! She needs to go and so does the Board for allowing this to go on for so long!!!
Actually the BOD needs to go for allowing this leadership team to underperform for so long. The Annual Report and Proxy statements were sent out and arrived to stockholders like myself. I voted against all Board members for allowing such poor performance. They need to be held accountable and eliminate this "buddy network". All should vote against all Board members so change finally happens.
I agree. She has conceded sodas to KO - pure stupidity. I'd also like to see PEP spin off or sell Quaker foods and then buy KFT after KFT spins off their food division. KFT's CEO, Rosenfeld, used to be with PEP and was responsible for making Frito Lay a powerhouse, then recently made KFT the top candy company in the world, and already not too shabby in snacks - Planter's Nuts, Ritz crackers, Oreos, etc.