PepsiCo’s earnings fizz in first quarter
PepsiCo is the second largest soft drink company and owner of Frito-Lay. Their earnings for the first quarter of 2005 increased an astonishing 7 percent from $6.13 billion a year ago to $6.59 billion. This increase is attributed to a favorable tax change and strong international growth. Is it fair that a very small amount of companies are allowed to make such a large amount of money from an industry that is so wide reaching?