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PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on Oct. 3.She will remain as chairwoman of the board of directors until early 2019. Nooyi, 62, will be replaced by Pepsi's global operations chief Ramon Laguarta, 54.Nooyi, who was born in India, is one of a handful of people of color to lead a Fortune 500 company.She helped turn Pepsi into one of the most successful food and beverage companies in the world. Sales grew 80% during her 12-year tenure. She spearheaded Pepsi's transition to a greener, more environmentally aware company.Nooyi has been with Pepsi for 24 years. Before becoming CEO she led the company's expansion through acquisitions, including its 2001 purchase of Quaker Oats Co. She earned million last year, and million over the last three years, according to company filings."Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," she said.Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. Just more than a year ago there were 32 women leading Fortune 500 companies, meaning that the number of women in top jobs at the nation's largest companies has dropped by more than 20% in just over a year.Since the middle of last year several high-profile female CEOs announced they were stepping down last year, including Marissa Mayer at Yahoo, Irene Rosenfeld at Mondelez and Meg Whitman of Hewlett Packard Enterprise.Related: Why it matters so much every time a woman CEO leavesLaguarta, Nooyi's successor, has served as president of PepsiCo since September 2017, overseeing global operations, corporate strategy, public policy and government affairs. Laguarta is also an immigrant, having been born in Spain. He had previously been CEO of the European and sub-Saharan African unit of Pepsi before being named the company's president.Nooyi praised her successor, calling him "exactly the right person to build on our success."Pepsi's stock lagged the broader market in recent years, and it has trailed rival Coca-Cola. Shares are down 1.5% this year, compared to a 5% rise in the S&P 500 index. Shares of Pepsi were slightly higher in pre-market trading.Americans' growing distaste for sugary sodas has hurt both Coke and Pepsi. In 2014 activist investor Nelson Peltz pushed for Pepsi to spin off its snack business as a separate company. But Nooyi was able to fight off calls to break up the company..-- CNNMoney's Paul R. La Monica and Julia Carpenter contributed to this report.The-CNN-Wire 2608
OXFORD, Ohio — It came in a screenshot of a group chat: One white student called a group of black students the n-word.Some students organized a movement to rally for more inclusive change. A Snapchat message of that rally was posted with the caption "Who let the zoo out?" -- followed by monkey emojis, often a symbolic slur used against black people.Nationally, college enrollment among black people has skyrocketed, according to Pew Research Center: In 2012, they made up 14 percent of 18- to 24-year-olds enrolled in college.But at Miami University of Ohio, black students make up less than 5 percent of the undergraduate and graduate population.A group of students say Miami must do better. After the two recent displays of bigotry, they want to see action from the top, not just words."Racist people are going be racist," said Davaughn Golden, a member of Miami's Black Student Action Association.The organization is calling on other Miami students to step up to racism when they see it."It's about holding your friends accountable, because if you like to say it's not an individual issue, we have to prove that -- by when an individual is racist, the community has to respond," Golden said.University President Greg Crawford met with the students this week. And he sent a tweet, saying, in part, that he can't tackle the issue alone."We all must play an active role in creating the kind of community where everyone feels welcome," he wrote.Claire Wagner, university spokeswoman, said sometimes it takes an extra step: Asking a friend if they realize what they really said, and how it can affect others.De'Vante Montgomery, president of the Southwest Ohio Black Democrats, said many of his peers want to see more action. They're asking for pre-orientation diversity training and reforming recruitment practices, among other changes."We want to see something done that Miami is moving in that right direction," Montgomery said.Wagner is optimistic Miami is helping to grow the next generation of leaders, "in a variety of ways.""I do want them to continue to be leaders because I hope they would agree the university is not the offending entity here," she said. 2178
Police in Paris have fired tear gas and used water cannon against protesters on the Champs Elysées, in the center of the French capital.The "yellow vest" protests, which began as a campaign against rising gas prices, have morphed into a wider demonstration against the government of President Emmanuel Macron in recent weeks.Police say they have mobilized 3,000 officers in Paris to contain the 8,000 protesters. A security perimeter has been set up in the city center, with government buildings protected. Three people have been arrested so far.At a news conference on Saturday, French Interior Minister Christophe Castaner blamed the clashes on far-right extremists infiltrating the demonstrations."Today, the far right has mobilized," he told reporters. "The security forces perfectly anticipated this situation."Far-right political leader Marine Le Pen rejected the accusations, describing it as a "pathetic and dishonest" form of "political manipulation" by the government.Earlier Castaner said of the protesters: "Their freedom of expression will be guaranteed, but it must not be exercised to the detriment of security, public order and the right of everybody to come and go. There is no liberty without public order."Last weekend a protester was accidentally run over and killed by a car, and more than 200 people were injured during a demonstration in eastern France. 1384
Patient safety and product quality are our utmost priorities at GSK. Based on the available data, GSK believes that the product does not pose a safety risk to consumers. However, as a precautionary measure, GSK Consumer Healthcare voluntarily implemented a temporary discontinuation of production and distribution.This is a short term issue for which we expect production to begin again shortly. In the meantime, other Excedrin products are available along with other pain-relieving drugs, but dosages may differ. Consumers should consult their pharmacist for the most suitable alternative product. 606
PHOENIX, Arizona — Aaron Wallace was sleeping when he was attacked in his bed.The patient at the Arizona State Hospital was stabbed by Reuben Murray, a fellow patient with a murderous past, who was wandering the halls unsupervised in the middle of the night with a sharpened pencil, according to a recent lawsuit filed against the state.The lawsuit raises new questions about safety and security inside Arizona’s only public psychiatric hospital and whether conditions have improved after sweeping changes and promises were made following an extensive KNXV television station three years ago. The lawsuit also alleges warnings about Murray’s aggressive behavior were ignored in the days before the stabbing.“The place is not better,” said Josh Mozell, an attorney representing Wallace. “Things have not changed. And for our clients, it’s becoming more dangerous.”The director of Arizona’s Department of Health Services, Dr. Cara Christ, did not answer specific questions about the stabbing, citing patient privacy laws.But in a written statement, Christ said the safety and well-being of patients are of “paramount importance.” [Read the full statement at the bottom of the page]Wallace was stabbed on October 3, 2017, and he filed a lawsuit against the state in October this year. The case is being brought by Mozell and fellow attorney Holly Gieszl, who collectively represent many individuals with mental illness.Some of the significant claims from the lawsuit: 1483