January 26, 1997 |
High hopes were expressed in Congress last week that a balanced-budget amendment would pass this session. But we'd better hope that it doesn't. In the short term, a push to balance the budget would hurt an economy that is slower than a lot of people think--as major companies such as PepsiCo indicate by their actions. And in the long term, a balanced-budget amendment would be like a rerun of Prohibition, a riot of unintended consequences ending in frustration.
July 24, 1986 |
Pepsico Inc. announced today that it has reached an agreement in principle to purchase Kentucky Fried Chicken Corp. from RJR Nabisco Inc. for about $850 million in cash. Kentucky Fried Chicken is the second largest restaurant chain in the world--after McDonald's Corp.--with its 6,500 franchised and company-owned restaurants. Pepsico already operates Pizza Hut and Taco Bell restaurants, in addition to its Pepsi-Cola soft drink and Frito-Lay snack foods businesses.
July 24, 1989 |
In a food-and-beverage-industry version of the domino theory, a high-level executive change at Philip Morris Cos.' General Foods division has led to similar changes at Kraft General Foods, as well as Pepsico Inc. and its Kentucky Fried Chicken Corp. subsidiary. Miles L. Marsh, who served as president of General Foods USA, will move to Whitman Corp. Sept. 1 as president and chief operating officer, according to the company.
February 6, 1987 |
Church's Fried Chicken Inc. the nation's second-largest fried chicken chain, says it has received a request for a meeting to discuss a possible acquisition by Sonic Industries Inc. Richard F. Sherman, president and chief executive of Church's, confirmed Thursday that Sonic has requested the negotiations. Sherman said his company will respond to the request at an unspecified date. Sonic's chief executive, C.
March 9, 1989 |
If you want to know what the average American is thinking, marketing experts say, head for Des Moines. It seems that residents of the Iowa capital are surveyed by phone more often per capita than people anywhere else in the nation, according to a Connecticut company that sells phone numbers to market researchers. "Des Moines is considered kind of average, your typical U.S. metro kind of thing," said Beth Wallace, a spokeswoman for Survey Sample Inc. "Our customers want average metro areas."
June 23, 1993
* Tod Pulsifer has been appointed vice president of sales for the electronic imaging division of Toshiba America Information Systems Inc. in Irvine. Pulsifer, who joined Toshiba in 1982, was previously a director of sales and marketing for the division. * Darryl Walker has been appointed vice president of HA-LO Industries Inc. with responsibility for sales, customer service and new business development in California. He will be based in the Irvine office of the Niles, Ill.