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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
PARADISE, Calif. (AP) — There was "no way in hell" Victoria Sinclaire was rebuilding in Paradise.She'd thought she was going to die during the six hours it took her to escape the deadliest and most destructive wildfire in California history. The town where she'd raised her family was nearly wiped out, two of her three cats had disappeared into the flames, and she "was done."Sinclaire and tens of thousands of others in nearby communities fled the wind-whipped inferno that killed 85 people and incinerated roughly 19,000 homes, businesses and other buildings on Nov. 8, 2018.Despite her vow to stay away, Sinclaire's family was one of the first to rebuild, braving the enduring threat of wildfires, and now, repeated power outages as the nation's largest utility tries to prevent its equipment from sparking blazes on windy days like it did in Paradise a year ago.Weeks after the fire, Sinclaire had an epiphany when she returned to the ruins of her home, where she raised a daughter and nearly two dozen foster children over eight years. Even rescue groups eventually found her two missing cats."There was a wind that was blowing through what was left of my trees, and I just felt a calmness. I just felt more peace than I had any time since the fire, and I was standing in the ashes of our living room," she said. "It was just like, 'This is home,' and then the thought of living anyplace else seemed impossible.""Rebuilding the Ridge" is a rallying cry on signs around town, evoking the beauty and peril of rebuilding on a wind-swept jut of land poking out of the Sierra Nevada and begging the question: Will the resurgent community be safer this time?About 3,000 people have come back, and nearly 200 grocery stores, restaurants and businesses have reopened, like Nic's Restaurant with its sandwiches named after police and firefighters who helped evacuate the town. Just 15% of the 1,800 people who answered an online community survey in April said they were gone for good."I want people to see that Paradise is a place to return home to," Sinclaire said. "The scars run deep here, but so do the roots that help it grow."Hers is one of just nine homes that have been rebuilt in the year since the nation's deadliest wildfire in a century, but the town is on track to issue 500 building permits by the end of 2019.Paradise is now largely populated with travel trailers. They are parked on lots scraped clean of more than 3.66 million tons of charred and toxic ruins, the equivalent of four Golden Gate bridges or twice the tonnage that was removed from the World Trade Center site."When you drive around, you don't see all the carcasses anymore of the houses and the cars," said town councilman Michael Zuccolillo, who is also a real estate broker. "You'd hear hammers and chain saws and nail guns."Wildfire mitigation consultant Zeke Lunder fears Paradise is setting itself up for another disaster."As we saw in the Camp Fire, the town's really well set up to kill people with wildfire," said Lunder, who lives in nearby Chico.The five routes out of town quickly became gridlocked with traffic, abandoned vehicles and downed power poles during the blaze. Half the town's 200 miles (320 kilometers) of roads are privately owned, many of them narrow, dead-end tracks leading through small, densely forested lots. Authorities found five bodies in and around vehicles trapped at the end of a long road with no way out.To make the town safe, officials would have to start fresh with a new grid of interconnected streets and alleys, spend millions of dollars a year to keep brush and trees in check, and force homeowners to keep their properties clear, Lunder said."We're not going to keep fires from burning through Paradise, so whatever they build up there should be something that can survive a wildfire," Lunder said. "But just building a bunch of wooden houses out in the brush, we already saw what happened."Town leaders are under heavy pressure to keep Paradise both affordable and forested."If you take away all the trees, it's what we're here for, is for the trees," resident Vincent Childs told town council members in June as they prepared to vote on new building safety standards.Former town councilman Steve Culleton said he and his wife couldn't afford many of the safety proposals and he's skeptical they would have prevented the Camp Fire."We don't need to be some kind of experiment for the rest of the world," he said at the meeting.Paradise officials have taken steps to make the town more fire resistant but stopped short of the stringent restrictions adopted by several fire-prone Southern California communities. Paradise adopted only seven of 15 proposed fire safety standards and changed four of those it accepted.Mayor Jody Jones praised Rancho Santa Fe, in San Diego County, where wood fences can't touch houses and the fire department sends inspectors with tape measurers to ensure trees and bushes are far enough away. Homes are considered so fire resistant that people are told to stay inside if they can't evacuate.In Paradise, council members rejected a plan to ban combustible materials within 5 feet (1.5 meters) of homes until it would allow plants. Policing people's plants, Zuccolillo said, would "kind of go against the fabric of our town. ... We don't want big government telling us what to do."Improving evacuation routes and emergency warnings are still under consideration, while city leaders last month required people to remove hazardous trees that could fall into a public right of way. But the removal of nearly 100,000 trees is still less than a third of those that need to go, council members say.Jerry McLean is among those who think town leaders are going too far.An American flag he and his wife, Joyce, left behind a year ago became a symbol of the town's resilience when photographs showed it flying in the ruins of their neighborhood.Jerry wanted to move to Texas, but Joyce insisted on rebuilding, and they almost immediately put a down payment on a manufactured home that arrived last week. They expect to be in their new house by Christmas — but first Jerry and a buddy constructed a new wooden shed just steps away.He isn't worried, gazing on the charred matchsticks that used to be surrounding trees."What's it going to burn for the next 50, 100 years? There's nothing left," he said.In another neighborhood, Libby and Jason Hail's home stands alone, a wide skirt of gravel and fire-resistant stucco construction protecting it from the flames. What might drive them out of Paradise now is not the fire danger, but Pacific Gas & Electric's repeated planned power outages.Electrical cords snaked from a generator in the backyard during a blackout in October, powering the computer Libby uses to work from home. Even that wasn't possible when the internet got cut off."If this is going to be our new normal for 10 years, I can't do this for 10 years," she said, referring to PG&E's estimate of how long the outages could go on.Repeated blackouts are one way utilities are trying to prevent another Paradise disaster as climate change makes wildfires deadlier and more destructive. They plunged millions of people into darkness multiple times last month, drawing anger for upending people's lives for days. And it may not have stopped their equipment from igniting wildfires that burned homes.Gov. Gavin Newsom approved nearly two dozen laws last month addressing the precautionary power shutoffs or encouraging communities to adopt standards to make homes and their surroundings more fire resistant. The state budget already includes billion to prepare for wildfires and other emergencies.Yet lawmakers of both political parties say California missed opportunities to make the state safer.Newsom vetoed a measure to let communities sidestep the state's strict environmental rules to build new evacuation routes. Lawmakers whittled a proposed billion fund for rural residents to make their homes more fire resistant to a million pilot program designed to seek federal money for entire communities.And they stalled legislation to set statewide standards for building in very high-risk fire areas over concerns it could limit affordable housing.California's growing homeless population is one reason there is little talk of prohibiting construction in high-risk areas like Paradise. Rural areas are generally much more affordable than cities like San Francisco and Los Angeles, which face their own dangers from earthquakes, fires and rising oceans.Newsom wouldn't block homebuilding in high-risk areas after the fire in Paradise, saying there is "something that is truly Californian about the wilderness and the wild and pioneering spirit."Char Miller, a Pomona College professor of environmental analysis, said officials should instead consider creating a fund to buy property in flood and fire zones and keep it as open space."It actually pays someone not to live there rather than telling them, 'You can't,'" he said.More than 2.7 million Californians live in areas at very high risk for wildfires, according to an Associated Press analysis of census data and state fire maps. Nearly 180 cities and towns are in the very high hazard areas.That's one reason Newsom and rural lawmakers touted efforts to clear brush and trees near communities to slow advancing flames. President Donald Trump has accused California's Democratic leaders of not doing enough to manage overgrown forests.Timothy Ingalsbee, executive director of Firefighters United for Safety, Ethics and Ecology, said clearing trees is usually counterproductive because the weeds and brush that grow back in open areas are more flammable than the mature trees they replace."We have the technology and the know-how to build homes that are less flammable. We have no ability to do that to the forests," he said.Bill Husa and many like him loved Paradise because it was like living in a national forest, with all its risks and rewards."Taking all the trees was harder on me than losing everything in the fire," he said, standing in the powdery red dust where his home was once sheltered by old-growth oaks and evergreens.The 56-year-old doesn't have the money to rebuild and isn't sure where, or if, he'll get it."Whether I come back or not, I'm replanting these trees," Husa said. "I'm never going to be around to see it, but in 60, 70, 80 years, it will be nice again." 10414
PARK COUNTY, Colo. — A California church leader was identified as a man found dead off Guanella Pass, Colorado, in 1974, officials announced on Tuesday.Anthony John Armbrust, who led a metaphysical church and was also an aeronautical engineer, was 45 when he and his wife went missing, according to David Kintz, the Park County coroner.Kintz said Armbrust's death was likely a suicide. His remains were first discovered in February 1974, but the case went cold.After identifying Armbrust through forensic genetic genealogy, investigators learned that Armbrust had been suffering from a terminal illness and that he and his wife, Renee, had moved from the San Diego, Calif., area to Golden, Colorado, near Denver.Armbrust then sent his church members a letter, asking them to come collect he and his wife's belongings from their Golden apartment. The couple was not seen again.Renee Armbrust's remains have not been found.Kintz said Anthony Armbrust died from multiple blunt force injuries, likely from an intentional jump or from a fall while climbing to make a jump.Armbrust's remains were found off Guanella Pass near Grant in an area with steep, treacherous terrain, Kintz said.Kintz's office began using forensic genealogy in the case in 2019 and contacted the DNA Doe Project, a group that works to identify unidentified people through DNA research.The investigators eventually traced DNA from Armbrust's remains to a relative, who helped them make a final identification.This story originally reported by Ryan Osborne on TheDenverChannel.com. 1556
Pāhoa, Hawaii (KGTV) -- Evacuations are in place on the Big Island as lava emissions continue in the Leilani Estates subdivision near Mohala Street. All residents were required to evacuate Thursday night. RELATED: Lava forces evacuations in residential HawaiiOn the 10News Facebook, many San Diegans have commented, concerned about family in the area. Here is information you may find helpful: 427
Parents everywhere are looking for hot holiday toys — especially online. Unfortunately, so are computerized "Grinch Bots", which buy up huge amounts of the popular toys so they can be resold by scalpers at 3rd party websites with greatly marked-up prices."Grinch Bots" are able to search websites and grab the toys faster than consumers.It is such a concern that U.S. Senator Charles Schumer (D-NY) is pushing Congress to pass the "Stopping Grinch Bots Act of 2018."The proposed legislation would give the FTC authority to track and prosecute scalpers who use "Grinch Bots."Schumer's office found that, last year, "Grinch Bots" contributed to "sold out" status online for several popular toys which then showed up on sites like Ebay with inflated prices: 787