🚀 go-pugleaf

----------------------NEWS RELEASE-----------------------

As international markets warm up to Pepsi, Roger Enrico and the PepsiCo
Board of Directors leave employees out in the cold.

Pepsi stock prices are up over 20% from January and reached a new high
this week as 1st qtr. earning exceeded expectations.  Bonuses for the
Board of Directors ranged from $200,000 to over 1.1 million dollars for
Enrico, but in a unanimous decision they voted not to issue Share Power
grants to any of the 130,000 qualifying PepsiCo employees.

Share Power grants have been issued since 1989 and are the only type of
retirement or profit sharing that the company has for most of it�s
employees, many who work at or just above minimum wage.
Each July, Share Power grants provide stock options equal 10% of the
employees prior year wages and compensation and become vested at a rate
of 20% each year over a 5 year period.

In a mailing from PepsiCo, employees were told that the grant will not
be issued due to the pending spin off of the restaurant division. 
Directed to the restaurant employees, they say:  "You will soon be
focusing your efforts on the future success of a new restaurant company,
not PepsiCo, so granting new PepsiCo options is no longer appropriate."

This contradicts an earlier paragraph saying that all unvested options
will continue to vest, but stock options held by restaurant employees
will be converted to options issued by the new restaurant company after
the spin off.

Enrico�s direction to the restaurant division to "focus on your own
company" has Coca Cola and other soft drink bottlers eagerly awaiting
the opportunity to bid for the for national account prices in the new
company.
For Coca Cola, an alliance with the new restaurant company would allow
them to dominate the US market by serving their products in the two
largest restaurant companies in the world.   

Since the grants are issued in July, there is still time for Roger
Enrico to appeal the boards decision.  Pepsi has approx. 207,000
individual share holders and in 1996, 130,000 employees received Share
Power grants.  The next shareholders meeting could be very interesting
as Enrico and the board members try to justify their bonuses while
taking them away from the employees who can  now be voting
shareholders.   

� If you are currently an employee in the PepsiCo family or just don�t
like to see corporate executives profit at the expense of the employees,
join us.  Voice your 
     opinions to PepsiCo Bottling Group Consumer Affairs at:
1-800-123-4567, Mail your comments to Roger Enrico c/o PepsiCo Inc.
Purchase , NY 10577 or try an E-mail at roger.enrico@pepsico.com.

Please forward this on to your friends and favorite newsgroup.
Thank you.