Pepsi To Buck Spinoff Fad, Hold On To Snack Foods, For Now
Despite calls by some investors to spin off its Frito-Lay snack food division, Pepsi(PEP) appears ready to continue to remain a single entity. The company has languished during CEO Indra Nooyi’s tenure, rising just 1% in 5 years. The WSJ reports that “A breakup of the company appears unlikely, although the board has looked at the idea.” Instead,… Read More »