Secretary of State Clinton has established something called the "International Council on Women's Business," and named the CEO of PepsiCo, Indra Nooyi, as its vice chair. At the council's first meeting on January 24, 2012, Secretary Clinton said of Ms. Nooyi, "her leadership at PepsiCo is a model for entrepreneurs and executives around the world."
Now the Wall Street Journal reports, "PepsiCo Inc. is chopping 8,700 jobs...about 3% of PepsiCo's global work force...PepsiCo's share price is down 1.5% since Mrs. Nooyi became CEO in 2006, during which time Coke's share price has soared 52%."
No mention in the Journal article of Secretary Clinton's praise for Ms. Nooyi, or of Ms. Nooyi's role on this International Council on Women's Business.
Ms. Nooyi's praise for capitalism, but also for business-government "partnerships," were the topic of a post here back on November 4, 2009.