Pepsi chief again receives $
Roger Enrico, PepsiCo's chairman and chief executive, opted out of his $900,000 salary again last year, requesting the savings be used to help fund scholarships for "front-line" employees.
Mr Enrico, 55 and a PepsiCo veteran, began the practice of being paid a token $1 in 1998 as a way of giving thanks to the "unsung heroes" who make, move and sell Pepsi products.
His decision also comes at a time when executive salaries are soaring to unprecedented heights thanks to a robust US economy and intense competition from internet companies.
Mr Enrico was still very well compensated despite the $1 salary, reflecting a largely favourable performance by PepsiCo in 1999.
3/25/00 5:31:00 PM in Food
Food sector can contribute a lot to economy: Publisher
KUALA LUMPUR: The Malaysian food sector has a great deal to contribute to the nation's economy and the economy of the Asean region, according to the boss of a Singapore-based food magazine publisher.
"Malaysia already plays a key role in the food sector and its potential, however, is even greater," said Barry Pestana, managing director of Food Chain Asia (FCA) Publishing Pte Ltd, publisher of the Food Chain Asia.
He said investments in the Malaysian food and beverage sector had increased, despite the situation being widely described as the "regional currency crisis."
3/25/00 5:28:00 PM in Food
Pepsi links with Yahoo! for promotion
Pepsi-Cola Co. is hitching up with Yahoo! for an under-the-bottle-cap promotion to be launched in August. Called Pepsi Stuff.com, the promotion allows users to earn points or discounts from under-the-cap promotions found on bottles of Pepsi, Diet Pepsi, Pepsi One, Mountain Dew, Diet Mountain Dew and Wild Cherry Pepsi.
3/23/00 8:05:00 AM in Food
From
Adage
Campbell Soup's Chief Executive Resigns
NEW YORK (Reuters) - Campbell Soup Co., the world's largest soup maker, on Wednesday said Dale Morrison had resigned as its president and chief executive, in a move that follows criticism by analysts over the company's declining soup sales and marketing strategy.
3/23/00 8:03:00 AM in Food
From
Reuters
Deep Freeze for Franken Foods?
8:30 a.m. 1.Mar.2000 PST
LONDON -- Organizations representing over three million people are calling for a minimum five year freeze on the import, growing, and patenting of genetically engineered food and crops.
The move comes as the Organization for Economic Cooperation and Development (OECD) is holding a major international conference in Edinburgh, Scotland to
3/7/00 5:56:00 PM in Food
From
Environment News Service
Regal Food recalls burgers
Double cheeseburgers recalled due to possible Listeria contamination
March 07, 2000: 6:42 p.m. ET
NEW YORK (CNNfn) - Regal Food Service is recalling its 6.5-ounce double cheeseburgers because they could be contaminated with an organism called Listeria monocytogenes. This organism can cause serious and even fatal infections in young children, frail or elderly people, and those with a weakened immune system.
Some short-term symptoms that may occur in healthy individuals are high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea.?BR> Listeria infection can also cause miscarriages and stillbirths among pregnant women.
3/7/00 5:48:00 PM in Food
From
CNN
New rules for organic food
Glickman says USDA standards to be the 'strictest organic rules in the world'
March 07, 2000: 7:34 p.m. ET
WASHINGTON (AP) - New rules proposed Tuesday for organic food will provide the first uniform, national standards for its production, and bar the use of genetically engineered crops, irradiation or industrial sludge as a fertilizer.?BR> The standards, which are expected to go into effect later this year, will be the "most comprehensive, strictest organic rules in the world" and will smooth the way for U.S. farmers to sell organic food in Europe and other foreign markets, said Agriculture Secretary Dan Glickman.
3/7/00 5:42:00 PM in Food
From
CNN
