"It's not clear what an activist might be looking to do with PepsiCo (PEP), though they may want the company to split up or maybe the board may need an overhaul, Bilson speculated."
This is what lots of bad management gets you...I think it's pretty obvious to everyone what needs to be done with PEP...
https://seekingalpha.com/news/4486225-pepsico-under-spotlight-as-activist-target-after-13f-filings
They need to keep it together or the company stock will cave. They do need to retire some of the people at the very top. They also need to thin out the LG bands as you do not need 2people over a DOR. Consolidate some KAM roles but simplify there job so they are not buried in paperwork. Use All the savings and invest in the frontline change the pay structure to 30% base pay 70% commission so they actually want to sell something. Bring back sharepower stock so employees want to see the company succeed.
Better together
We need this split. This entire company is drowning between incompetence as we as trying to Frito into beverages who are totally different businesses.