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The sculpture garden was created at the direction of Donald M. Kendall, who was chief executive officer of PepsiCo when the company moved in 1970 from Manhattan to the 168-acre (0.68 km 2) site in suburban Purchase. Kendall "sought to create an atmosphere of stability, creativity and experimentation.
Kendall joined the Pepsi Cola Company in 1947, working at a bottling plant in New Rochelle, New York. After a later stint as a delivery driver, Kendall became a sales representative and rose through the sales ranks becoming a marketing vice president in 1956. He headed up Pepsi's international operation in 1957 and became the CEO in 1963. [1]
Purchase is a hamlet in the town and village of Harrison, in Westchester County, New York, United States. One myth explains that its name is derived from Harrison's purchase, where John Harrison was to be granted as much land as he could ride in one day. [ 1 ]
PepsiCo won the dismissal of New York's lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plastic packaging, as the judge criticized the state's ...
Letitia James sued PepsiCo last November, seeking to hold them liable for endangering Buffalo's water supply by generating 17% of the plastic waste found in and near the Buffalo River.
A PepsiCo spokesperson said the Purchase, New York-based company is "serious about plastic reduction and effective recycling" and committed to working with local communities.
During the 1960s, PepsiCo had its headquarters in 500 Park Avenue in Midtown Manhattan, New York City. [92] In 1956 PepsiCo paid US$2 million for the previous building at the site. [93] PepsiCo built 500 Park Avenue in 1960. [94] In 1966, Mayor of New York City John Lindsay started a private campaign to convince PepsiCo to remain in New York ...
PepsiCo is also in the Dividend Kings club, having paid and raised its dividend for 52 consecutive years. Today, PepsiCo pays a quarterly dividend of $1.35 per share, equating to a 3% dividend yield.