For those that do not click on the link... Yum! = (PepsiCo fast food division)
Incorrect. It was spun off from Pepsico in 1997. (((Pepsico))) needs its own post as I believe it is an even bigger (((player))).
Spin off or not, it is still all part of the Pepsi family. The profits end up at the parent company still. The GL for the spin offs still go to the parent company every month. I have consulted for Pepsi several times over the years.
No, it's not part of the "Pepsi family".
Blackrock and the other (((institutional investors))) own both Pepsico and Yum! Brands, but the two (((corporations))) are separate and not related as of the spin-off.
Yum! Brands does have a "lifetime" contract with Pepsico, which is why you only find Pepsi products in their chains. The two corporations are separate though, as of 1997.
The more interesting part is that Blackrock and the other institutional investors literally own everything in terms of publicly traded companies.
(post is archived)