France is selling weapons to Russia in defiance of American efforts to isolate President Vladimir Putin. The U.S. is preparing to slap France’s largest bank with a fine that could top $10 billion. French government ministers have sought to derail General Electric Co.’s bid for France’s top energy-equipment maker.
Some members of PepsiCo Inc.’s board are frustrated at the lack of a plan for a successor to Chief Executive Officer Indra Nooyi and may address the issue over the next six months, the New York Post reported, citing an unidentified person close to the company.
Activist investor Nelson Peltz, whose bid to break up PepsiCo Inc. was rejected by management, fired back in a letter to the board yesterday, criticizing its “dismissive tone” and demanding operational changes.
Activist investor Nelson Peltz, who has sought a split of PepsiCo Inc.’s beverage and snack units, was “highly disappointed” with its decision not to heed his proposal and will take the case directly to investors, he said yesterday in a 37-page letter to the company.
PepsiCo Inc. Chief Executive Officer Indra Nooyi has taken over a coconut-water company, acquired a dairy in Russia and spent millions on a philanthropic marketing campaign. Her next big investment has a more familiar name: Pepsi-Cola.