Pepsi CEO's Pay Jumps 57% After Change to Compensation Structure
PepsiCo Announces Richard W. Fisher, Former President & CEO of The Federal Reserve Bank of Dallas, Elected to Board of Directors
PepsiCo Appoints Former Dallas Fed President to Board
A group of top managers continue to keep looking for good investment opportunities, while taking full advantage of a rising (and potentially overvalued) market to book some gains.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Modest pockets of value emerge among consumer defensive companies.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
We see continued margin pressures, emerging-market opportunities, spin-off acquisition targets, plus some pockets of value in the sector.