date:Jul 18, 2014
board have stood firm against pressure from Peltz, who says that splitting up PepsiCo would help cut costs, allow for more focused marketing and spur growth. Nooyi has responded with a pledge to improve performance and reduce expenses by $5 billion over five years starting in 2015, extending a plan already under way.
Peltz said yesterday that he hasnt talked with Nooyi since February. His firm, Trian Fund Management LP, has spoken with about 100 top PepsiCo investors, though, and some are comi