PepsiCo sets out agenda after crunch investor talks
PepsiCo has set out its strategy designed to appease activist investor Elliott Investment Management, with a requisite to “accelerate” organic growth. The plan “incorporates constructive engagement”, PepsiCo said in a statement, noting it has the support of shareholder Elliott, which in September put pressure on the US-headquartered food and drinks giant to improve its financial performance. There were, however, no drastic developments to address the observation put forward by Elliott in September that P ...