Blog: Tough at the top
Chris Brook-Carter | 17 February 2004
Managing a major sports team is often cited as one of the highest pressure jobs going, with job security at a minimum and the chances to complete your long term visions poor.
In this case real life is starting to reflect sport, according to Foster's boss, Ted Kunkel, who this week argued for longer contracts for chief executive appointments.
Kunkel, it seems, believes that current four and five-year tenures for CEOs are too short, market-driven and do not allow for a strategic vision to be implemented. He said strategic visions required up to 10 years to fulfil.
But if there are a tougher lot to please in the short term than sport fans, it is institutional investors, so one wonders if Kunkel's hopes are realistic at all.
Whisk(e)y companies spend a lot of money and effort ageing their products for that premium taste....
PepsiCo created a stir last week with the news it is testing a product called Caleb's Kola, with some in the media claiming it was the beginning of a new “craft soda” category....
SABMiller's bid to widen the appeal of beer is very much in evidence at its latest 'House of Peroni' - with beer cocktails and a bigger bottle for the Italian lager brand on offer. ...
Here's a round-up of the big stories on just-drinks last week, featuring PepsiCo, SABMiller, the Scotch whisky category and the US wine market....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- Whisky downturn slows Diageo's Scotch spend
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1