PepsiCo CFO Hugh Johnston says the firm is not interested in buying Mondelez for a premium price of $80bn due to integration risks and dubious value for his firm’s shareholders.
PepsiCo CFO Hugh Johnston tells analysts the firm believes its new sweetener innovations will be 'more evolutionary than revolutionary' and that work in this direction has delayed a beverage business review until 2014.
Despite giving us object lessons in corporate word wash, can PepsiCo pull off what seems like a slightly puzzling mission, namely a long-term plan to ‘drinkify' snacks and vice versa under its Power of One banner?