Trian signals compromise with PepsiCo

PepsiCo said on Friday that William R. Johnson, an advisory partner at Nelson Peltz’s Trian Fund Management, will join its board as an independent director, a development that makes it unlikely the US activist hedge fund will launch a potentially messy proxy fight for board seats in the coming weeks.

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Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes