Pepsico

AGREEMENT GRADE
f
Fortune 500 Rank (2018)
45
OWLER CEO APPROVAL RATING
88/100
GLASSDOOR RATING
3.4/5
CEO
Ramon Laguarta

PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which included an acquisition of Tropicana Products in 1998 and the Quaker Oats Company in 2001, which added the Gatorade brand to its portfolio.

AG Sources

Workers Beware: Forced Arbitration Can Happen To You

Mr. Watkins was a sales representative who delivered PepsiCo products. One night, Mr. Watkins’ manager asked him to sign inaccurate delivery slips. Mr. Watkins allegedly refused and later reported his manager for potential theft. Days later, Mr. Watkins was subject to disciplinary action, allegedly for unrelated reasons. According to the company’s handbook, this was only appealable to higher management or through “independent arbitration.” Mr. Watkins was suspended and, less than two months after his report, fired. Mr. Watkins sued unsuccessfully. Watkins v. Rolling Frito-Lay Sales, LP, Frito Lay Inc., and PepsiCo, Inc.

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