Andy Morton

Buffett cuts through bluster to lend PepsiCo support

By: Andy Morton - 16 October 2013 16:03

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The past couple of months have seen much talk over Nelson Peltz's manoeuvrings to pressure PepsiCo into paring off its beverage units into a stand-alone company ahead of a possible sell off. 

Management has so far resisted the pressure, and today (16 October), as the company announced its year-to-date results, PepsiCo CEO Indra Nooyi made no mention of Peltz or any beverage break-up.

However, cutting through all the noise that has surrounded the issue - and indirectly lending support to Nooyi's cause - was the ever-reliable Warren Buffett. In an interview with CNBC today, the legendary investor simply said that, if he was running PepsiCo, he would keep both snacks and beverages, as “one of them is a terrific business (snacks) and the other is a perfectly good business (drinks)”.

Who says business is complicated?

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Buffett cuts through bluster to lend PepsiCo support

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