Pepsi gives departing exec a sweet deal…
Last week, PepsiCo, Inc. (PEP) served investors a “multi-year productivity plan” that will cost about $910 million in pre-tax charges over the next four years but hopefully lead to a refreshing turnaround for the brand, which has lagged behind not just Coke recently, but also Diet Coke in the cola wars. The plan was summarized...
High-priced sheriff to clean up the PG&E corral…
In its editorial yesterday about PG&E Corporation’s (PCG) new top executive, the San Jose Mercury News declared, “There’s a new sheriff in town at PG&E, and none too soon.” But that talent comes with a price tag much higher than most reports have indicated. Anthony F. Earley, Jr., who will become the Chairman of the...
On-message over lucrative exit from Progress Software…
On Monday, Progress Software Corporation (PRGS) disclosed in an 8-K that Richard D. Reidy, its President and Chief Executive Officer, will leave the company as soon his yet-to-be-identified successor starts work. Since the company has only just started an external search for Reidy’s replacement, we don’t know exactly when his last day will be. But we do know that...
