PepsiCo told everyone on Monday that it would cease all advertising of its popular soda product, effective immediately.
"We know it's good, and everyone's pretty happy with the overall taste, so why spend all our time worrying about what other people think?" PepsiCo CEO Indra K. Nooyi told reporters during a press conference at the company's corporate headquarters. "Frankly, it just feels sort of weird and desperate to put all this energy into telling people what to drink. If they don't like it, then they don't like it."
"Vying for the greatest market share shouldn't be a soft drink company's be-all and end-all," said Nooyi, who added that if she's happy at the end of the day, that's what really matters. "After all, it's not like this is some kind of Cola War or anything."
"Look, Coca-Cola is a terrific product," Nooyi continued. "Millions of people choose it over Pepsi every day. Are those people wrong? Of course not. Concepts like 'right' and 'wrong' shouldn't even apply. It's a soft drink."
Nooyi told reporters the company's $1.3 billion annual advertising budget would be put into Pepsi's savings account, spread among various charitable organizations, and divvied up into generous bonuses for the company's minimum-wage factory employees.
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