A 2 liter bottle of soda costs pennies to produce and they sell it for three bucks. An 8 ounce glass of it in a restaurant will cost you three or four bucks. I haven’t purchased soda in about five years. It is the biggest ripoff and not even good for you.
and not even good for you
Dude, soda isn’t ‘not good’ for you. It’s fucking toxic. Corn sugar makes you fat and screws up your metabolism, added caffeine is addictive, and the rest is just an artificial chemical bath that rots you from the inside out.
There was a lawsuit a while back, a dude sued claiming he found a dead mouse in his can of soda. Pepsi’s defense was that in the amount of time between when that particular can was bottled and when he drank it, the soda would have completely dissolved the mouse. They won the lawsuit.
And that’s what you are drinking…
They can eliminate all of their products for all I care. I’m still boycotting PepsiCo and all related products.
Interesting.
Might be nice to see companies compete on price again.
For real food, yes. I want to see soda taxed out of existence, and junk snacks taxed to endangered.
the fuck’s an “activist investor”? No, I read the article and clicked the link, it’s some “activist investment company”, which still leaves the question open. Maybe I should ask “What the fuck is activist investing”?
Someone who buys significant shares of a company and leverages them to convince a coalition of other investors to demand changes.
You think a company could make better decisions, so you buy a large (but not controlling) chunk of shares. With a relatively large chunk of shares, you can then start making demands from the board and hope that other shareholders bandwagon behind you. Ideally stock price goes up as a result and then people sell higher than they bought for.
Basically people who believe they have all the answers to running a successful business, yet don’t feel the need to apply that towards just running a successful business themselves.
When the solution to the problems are ‘low prices sell more product’ and literally every company seems to be ignoring that, maybe this is the way to finally get things moving in the right direction.
When the solution to the problems are ‘low prices sell more product’ and literally every company seems to be ignoring that
Its not that simple. Selling more product at a lower price may not result in higher profits. These companies generally don’t care about sales as much as they do profits. Selling 10x the amount of product, but at break-even or a loss would be worse to the company than it is now with their declining sales. PepsiCo’s problem as I see it, is PepsiCo makes only a few products (some of their minor food brands) that would actually be a necessary purchase to live. Everything else they make is a luxury that people can skip if they can’t afford it.
Everyone is getting squeezed with rising costs in housing, transportation, actual food, and medical care costs that can’t be skipped, so it is PepsiCo products (and brands like them) are the first things we cut out.
Requiring the company to do more than provide short term stock growth. Generally they want the company to behave somewhat responsibly or ethically. A desire to not simply maximize profits. They have to have a big chunk of stock or proxy votes since the only way they can influence the company is by removing or adding board members.
Investment group buys a significant portion of stock (large enough to sway shareholder voting), then they demand changes in the company with the threat of ousting the current executives/board via their voting power. Their goal is to make the stock valuation go up, then sell off the stock for profit.
I mean, the name should make it self-explanatory, but here, I googled it for you: https://www.investopedia.com/terms/s/shareholderactivist.asp
Prices going down! Thanks, Trump!
PepsiCo is making the changes after prodding from Elliott Investment Management, which took a $4 billion stake in the company in September.
What exactly does Trump have to do with this?
more free ads disguised as news for dyed sugar water, fried corn shit and single use plastic waste purveyors? hail megacorp.
have you seen that prebiotic pepsi shit? who the fuck thought that up…garbage. absolutely garbage.
good news for serious sugar water consumers
Maybe that activist investor should be pushing them to leave the Russian market like competitors such as Coca Cola due to the invasion of Ukraine. Pepsi is actively increasing their market in the country and thereby helping fund the war with increased tax revenue.
Hmmmmmmmmmmm…
As long as they don’t mess with my Mountain Dew, we’re good.
Ewwwww, I’ll have the crab juice
Only khlav kalash!
Good, that means more for me.
Do they have something not poisonous?
PepsiCo said it also plans to accelerate the introduction of new offerings with simpler and more functional ingredients, including Doritos Protein and Simply NKD Cheetos and Doritos, which contain no artificial flavors or colors. The company also recently introduced a prebiotic version of its signature cola.
I mean, no, they don’t, but it’s at least a small step in the right direction.
doritos protein in a pepsi, that sounds disgusting.
