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In recent years, PepsiCo Inc. has been busy touting the its healthier offerings, but the healthier image has come at the expense of the company's flagship product, Pepsi-Cola. Last year, Pepsi sank to No. 3 in soda sales behind Coke and Diet Coke, a “huge embarrassment in a cola war that traces its roots to the 19th century,” says The Wall Street Journal.
Analysts and investors blamed the decline on PepsiCo chairman and CEO Indra Nooyi, who took the reins five years ago.