PARCHED FOR GROWTH

PEPSI HAD A GRAND PLAN FOR GLOBAL EXPANSION. ALAS, COKE WAS THIRSTIER

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The folks in Atlanta are trying to keep their recent successes in perspective. Says Goizueta: "There's a feeling of euphoria in certain groups. It's not the time to become euphoric. All we have done is to raise the bar." Goizueta also knows that PepsiCo CEO Enrico is famous for parachuting into the company's troubled businesses and turning them around in short order. Earlier this decade he made Frito-Lay a killer. And last year he created a new recipe for the struggling restaurant chains. He is best known, however, for revitalizing Pepsi's soft-drink business in the 1980s. It could be time for an encore.

--With reporting by Barry Hillenbrand/London, Jane Knight/Caracas and Stacy Perman/New York

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