Trian Partners hammers away at PepsiCo again

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

PepsiCo (PEP) has a "huge corporate bureaucracy" which has taken down it down a path of underperformance, according to Trian Partners.

Trian is one of the more vocal shareholder groups backing a plan to see Pepsico's snacks and beverage businesses separate.

The hedge fund's latest rant was made at the SkyBridge Capital SALT 2014 investment conference.