USA: Quaker CEO in line for US$19.25m Pepsi windfall
Robert Morrison, chairman and CEO of Quaker Oats , could well find himself at the receiving end of a US$19.25m cheque, and at least 600,000 common PepsiCo shares, if the latter's US$13.8bn buyout of Quaker is approved. Shareholder and antitrust officials at both companies have yet to OK the deal, which will see Morrison become PepsiCo vice-chairman and Quaker's chairman, president and CEO with an annual base salary of US$1,107,750 upwards.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Comment: Premier has more to ponder than Brexit
- 2017: three major drivers of M&A strategy
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Unilever rebrands I Can't Believe It's Not Butter