MANAGEMENT: Questions & Answers

Pepsi-Cola had not been hitting the spot. Earnings had slipped, the last quarterly dividend had been omitted, and within a year Pepsi's stock on the New York Stock Exchange had skidded from 24⅛ to as low as 7½ a share. Pepsi's President Walter S. Mack Jr. thought it time to hire halls in New York and Chicago and tell stockholders the score.

For the 300 stockholders who gathered in Manhattan's Town Hall last week, President Mack had some more bad news. Pepsi's 1948 net had dropped to $3,152,817 (from $6,769,834 in 1947), and its first-quarter sales for 1949 were below...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!