date:May 21, 2012
Caroline Levy and Michael Lavery from CLSA (affiliated with Credit Agricole Securities) said in a note that they believed that PepsiCo was more valuable as separate focused entities than as one.
Like many investors, we have been dissatisfied with Power of One initiatives and believe PepsiCo is more valuable than its parts, the analysts said.
Announced by PepsiCo chairman and CEO, Indra Nooyi, last September as a strategically criticalmove, Power of One saw the firm co-ordinate sales, marketi