Over the course of the next few months and into 2027, PepsiCo will deliver a masterclass on putting profits over people. The pressure from Elliott and the BOD are mounting. $8B in profits and a solid dividend will not quench the thirst of blood hungry investors. There is no time for austerity. You once had a name, now you are just a GPID. When your number is called the taxpayers will take care of you, because PepsiCo cannot make $20M less in profit cause that’s just not how the world works. Ramon won’t sacrifice a trip to the superbowl or the private use of the company jet for you to stay employed. They will demand you do better from the ivory tower. Those left will pick up the workload and wonder when they are next. Create your shareholder value. Ramon, Ram, and Elliot are depending on you - wage slaves. Don’t let anyone at PepsiCo fool you, this was never about you, and this has never been more about the profit. Good luck in November.
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@cj I’m saying that all capitalism is corporate cronyism
Yawn .....
@ch unions would not be necessary in a free market, contradictory to your post - the free market is not real.
@ce what? That was my point. Maybe reread it
It's the reason unions were formed in the first place. Guarantee a livable wage in the face of corporate greed. The free market is real. Drivers are making close to $100K, while TSLs and delivery managers are making the same $100K their counterparts made in 1980. The money is there, just not for the people running the street. The real bet is that most of our frontline leaders can't lead, so they get underpaid, and the company is waiting to see if anyone calls its bluff.
This isn’t new. It has been this way for a long time and they just put on a better front to hide how little they care. Your relationship is transactional with the company. There is and has been plenty of money for raises and to invest in employees. Don’t buy the narrative that the company is underperforming and we should all accept peanuts and be happy to just have a job. It’s not true and educate yourself before giving this company a pass on not paying fairly and pushing you for more and more work.
@cb do you not see how unfettered capitalism leads to the accumulation of wealth and power of a select few people or organizations or are the capitalists paying you for the bootlicking?
@bp what we live in is not capitalism. In pure capitalism, you would never be able to transfer risk to the taxpayers, I.e. subsidizing wages with govt benefits due to underpaying employees. The reasons go beyond just government intervention. I am all for pure capitalism. This is CORPRATISM, the result of unchecked capitalism, cronyism, and government policies/tax structures that favor a corporation.
May the odds be ever in your favor
This has HR's fingerprints all over it. Somebody's trolling the board.
What is the meaning of Ivory Tower? I've seen it used a few times here.
Good luck in November!
Welcome to capitalism.
Is this somehow shocking to you?