In my 15 years at PEP they've been beating into my head that "we've got to beat KO". Well, look at PEP vs KO stock performance over the last 5 years. PEP has no strategy and schmucks like Elliott can boss it around and tell it what to do. What a humiliation for clueless Ramon. If he has any dignity left at all he would resign. All he can do now is what Elliott tells him. Fire people, consolidate, cut brands. A schmo from the street have come up with that plan. Running a huge CPG company takes real smarts as Warren Buffett found out through his huge loss in Kraft Heinz. At PEP the entire ELT needs to go. They have proven they have no clue how to run a company like PEP. And Athina, my G*d, she has zero experience running strategy for a company like PEP, just like these Brazilian clowns that ran Kraft Heinz into the ground. They never learn. A clown show,
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Ramon is a coward, he'll probably have someone like Steven take the fall for this.
100%.
Japanese method is preferred. At least they have honor. These clowns are have a ball of a time yet incompetence is order of their mantra.
ETL must be made to resign. Cut their pay by 50%