Wonder how many people were outsourced to fund this brilliant idea...
https://www.eater.com/2019/4/15/18311255/pepsi-satellite-constellation-advertisements-space
4 replies (most recent on top)
In the end it's all garbage. This, in its essence, is an oversized junk food company with a few "healthy" products for good measure and PR. While it s---s to get let go, greener and healthier pastures await.
Greed.
Smart spend at its finest.
Also consider the company announced a 50% increase in planned share repurchases relative to FY 18 levels and is expected to increase in expected cash returns to shareholders of $8 billion in FY 19 ($5 billion of dividends / $3 billion of share repurchases), an increase from $6.93 billion in FY 18 ($4.93 billion of dividends / $2.0 billion of share repurchases).
Think of all the employees who were let go in 2019 while the leadership spends approx. $12.000 for each employee worldwide (approx. 250,000) to enrich themselves and their Wall Street friends.
Man that is fecked up.