Just got the email, PBNA missed the numbers again. Per Ramon, it's all about the headwinds of inflation squeezing consumer's wallets. Heard that the last two years. It's getting desperate and he's now going after his own people.
And I quote from the letter directly, "While some of our headwinds do come from the marcoenvironment, we also need to turn the mirror on ourselves. We can and must do better to execute, especially when times get tough and the competitive landscape is so dynamic. Our share of market performance is now here we need it to be, and this is where we need to focus when the growth of our categories slows down."
He's well of aware of the VRPs and Layoffs. He just wants more. Time for him TO GO!