Will The Pepsi Brass Be Drinking Hemlock?
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As a merciless heat wave gripped their Purchase (N.Y.) headquarters, several hundred PepsiCo Inc. executives kept cool at the company's bi-
annual management conference at Lake George, N.Y., the week of July 4. But between the early-morning breakfasts and evening cabarets, anxiety was running high. There was talk of Pepsi's mediocre earnings--and, too, of layoffs and high-level executive shuffling.