PepsiCo Announces Female CEO

I know, I know, this is supposed to be a gossip blog, and I made you look at Yahoo's (plummeting) stock chart last week, and now this headline, and it's really not fair, and you're getting kind of squirmy, and, like, uugggghhhhh, but this is important, so sit down and shut up.

PepsiCo (they make Pepsi, in case you were confused, in which case don't even bother with the upcoming words) announced today that CFO Indra Nooyi will take over the CEO position from Steven Reinemund, who plans to retire; this makes PepsiCo the second-largest company based on revenue to have a female CEO (Patricia Woertz at Archer Daniels Midland leads the largest) , and puts Nooyi on a very short list of female CEOs of Fortune 500 companies, not to mention among the Fortune 100, where PepsiCo resides (interestingly enough, PepsiCo is #1 in revenues in the Food Consumer Products industry; position #2 is held by Brenda Barnes' Sara Lee). Nooyi is well respected by analysts and peers, and PepsiCo stock was up slightly with the news. Thank you, Carly Fiorina.

Okay, sorry, I know that was really really painful, so to make it up to you, Paris Hilton is still getting paparazzi mileage out of that firecrotch thing. TMZ got it on tape. Hopefully watching that can help you feel a little less dirty about knowing something about the business world today.