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On Tuesday, PepsiCo CEO and chairman Ramon Laguarta announced on Twitter that the CPG conglomerate would be committing $400 million to fund several initiatives centered around racial justice and equality.
The $400 million will be spent over the next five years as part of an effort to “to lift up Black communities and increase Black representation at PepsiCo,” according to a statement from Laguarta. Laguarta said that the stark need for such a commitment was driven home by a letter he received “from a long-time PepsiCo associate,” which called upon the company to take tangible
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