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Pepsi ripped for having 'culture of sycophants'

Pepsi Bottle

Describing PepsiCo as having a "culture of sycophants," a prominent activist investor vowed that reform would come to the food and beverage giant-and signaled that part of the change would have to be to its management mentality.

Ex-Goldman director seeks continued bail

Rajat Gupta

India-born former Goldman Sachs director Rajat Gupta has sought a stay on a US court order to start serving a two-year sentence from June 17 on insider trading charges, contending that his bail conditions should be continued till his motion to rehear his case is decided upon.

Bid for AstraZeneca shows how boards feel swamped by short-term thinking

Merge lanes road sign

Here is some excellent advice from an old hand to the directors of AstraZeneca should Pfizer, as expected, get serious about bidding and increase its current £48-a-share offer: don't be swayed by the views of investment bankers chasing success fees; don't judge bid premiums based on a two- to three-year view; and remember you have responsibilities beyond price.