Good Business, Great Talent...Poor People Leaders
Pros
PepsiCo is an accomplished organization with high caliber people. Compensation is above average and business performance is consistent. There are lots of opportunities to grow given good results.
Cons
There is very much an up or out attitude as you progress to executive levels. It's a somewhat unforgiving organization. If you get sideways with leaders you should leave because the organization memory is long-tested. At Fritolay there was a strong culture and good values. However, that has slowly eroded. It's now more like PepsiCo that is mostly characterized by talented people that are poor people leaders. Great leaders tend to leave. Work-Life balance is a big challenge. Indra Nooyi has made PepsiCo a pulpit for her personal values. It's hurt the business at times and alienated many inside and outside the organization. She takes no accountability for her actions and failures. She appears to not care about anyone but herself.