On the one hand, I'm celebrating. On the other, I don't know how to process this. What are your thoughts?
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Good Question (RE "Stock up on the day she announces, and way down the day after. What do the stock gurus see with this change?")
The day IKN announced her departure, the whole S&P was up quite nice and so it's probably a mix of normal money flow + algorithms trading on the news, boosting up PEP. Daily volumes exchanging PEP shares were nothing extraordinary on this trading day. The day after (yesterday) with the big drop I suspect is just the algorithms selling to take profit and exiting their positions.
At the end, the CEO change is not likely to make any major difference as the market is pricing PEP as a managed succession.
Stock up on the day she announces, and way down the day after. What do the stock gurus see with this change?
Indra at dinner tonight with Trump at his golf course. A bold political move considering she’s still the CEO until October and on the board until 2019
Why She step down
We Love layoff, we love cost saving, we love all B1+ be woman, and even all levels, we love R&D close, we love no advertisement to save cost ..
Anyway we sell sugar water, should earn more
Maybe Ramon will stop the scam they run in MEM. False numbers to make good looking scorecards. People with jobs that pretty much do nothing but vacation on the company some under the guise of audits.
Did PEP deliver extraordinary performance? Not really. But given the circumstances around the CPG sector in general, overall she did a good job in managing an otherwise complex company, with decent stock market performance. As an investor, I think she's done a good job, but as an employee, I think there could have been other things that could have been done, to make this a leaner more dynamic organization. I'm an L10 and all I do is waste my time here because somehow under her vision we have created a culture where no one in corporate functions really knows what to do and so we all end up making up b---s--- jobs for us of very questionable added value. This is definitely not sustainable and so I don't think the future is bright for PepsiCo irrespective of who is leader. Ramon as incumbent has inherited a toxic mess. With that said, I do believe she is a sincere and decent human being, but also that it is time for her to move on as we have too many PepsiCo lifers and not enough new blood. So I do not expect major deviations from Ramon other than he may be a puppet put in place by the board only to engineer divestitures as a final CEO. I have no inside knowledge but for some reason I suspect IKN was pushed out rather than her leaving on her own. Does this mean selling off beverages to say a major brewery and snacks to say a Kraft/Mondelez like group? Only time will tell...
Indra’s chilling words as quoted in Business Insiders Daily. "Ramon is the product of a responsible development and succession plan," Nooyi said. "He's had a birds-eye view of the whole company and what kind of disruptive moves we would have to make, disruptive productivity, to take us to this next era of growth for this company."
big food is on a roll cleaning house, Irene at Mondelez, Denise at Campbell Soup and now Indra
Need new blood running the company....
Hopefully they break the company up, Frito will do just fine on its own, Pepsi, Quaker, Gatorade can go flounder on their own.
I did a happy dance this morning. Now, what is the new CEO going to do? I have a feeling it may not be good since she likes him.
Now there’s renewed discussion of splitting up the company. I’m sure PEP stock is going up in part because we are shedding an under performing CEO. Could it also be there are now greater odds of PepsiCo splitting up? Time will tell.
Stock already going up.
Unexpected but was time.
Cheers to hopes of positive change and investment in employees.
Hallelujah!!!
Good riddance, about time, she was way past her expiration date
And next to go should be her cronies- Mehmood Khan and Narasimhan. Any more in this list?
They both knew he was next in line.
If Al or Hugh actually wanted the top job, we may see them choose to step down as well.
Sudden and quick with no prior notice something must have happened also they picked someone from international Al and Hugh must be flipping