AOL Money & Finance

Woman posts

Feed

Benoit's murder suicide belts World Wrestling Entertainment

Former World Heavyweight wrestling champion, Chris Benoit, his wife, and seven-year-old son were found dead in the family's Atlanta home, according to AP Sports. Police believe it was a murder-suicide.

Benoit's wife managed several wrestlers and went by the stage name "Woman." They met when her then-husband drew up a script that had them involved in a relationship as part of an ongoing story line on World Championship Wrestling. Did Benoit's wife have an affair with one of the wrestlers that sent Benoit into a jealous rage?

I don't know. But World Wrestling Entertainment (NYSE: WWE) canceled its live "Monday Night RAW" card in Corpus Christi, TX, and USA Network aired a three-hour tribute to Benoit in place of the scheduled wrestling telecast.

None of this seems to be hurting its stock much -- WWE is down a mere 12 cents.

Peter Cohan is president of Peter S. Cohan & Associates, a management consulting and venture capital firm. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in WWE.

Pepsi names new CEO in a coup for women, CFOs

pepsi truck delivers soda, and promises for woman cfos everywhereMy best girlfriend from business school, Jaime, just announced that she was quitting her job as a management consultant and taking a position at PepsiCo in the corporate strategy department. Evidently she's not the only smart, financially savvy woman PepsiCo values; today, the beverage giant announced that current CFO Indra K. Nooyi would be taking over as CEO effective October 1, when current chief Steven Reinemund steps down from the position "to spend more time with his family." He'll be retiring in May, and will continue as Chairman of PepsiCo's board until then.

Indra will join 10 other women currently in the CEO position at Fortune 500 companies (by market capitalization, she'll be the second-most important, behind Patricia Woertz at ADM). Analysts seem to be roundly thrilled, calling Nooyi a "star" (Citigroup's Bonnie Herzog) and marking this promotion as an indication there is "enough to keep Ms. Nooyi interested at Pepsi" (Bank of America's Bryan Spillane).

I see it as no coincidence that a valued friend would move to the company at the same time an obviously brilliant woman takes over the CEO role. This can only mean good things for Pepsi. Investors seem to be cheering, too, and have sent the stock up 57 cents to $63.90 so far today, within pennies of a 52-week (and, in fact, all-time) high.

Sarah Gilbert has a Wharton MBA and worked in investment banking for several years, then at a series of increasingly edgy startups before finding her calling, producing blogs for AOL. She doesn't own stock in Pepsi.

Symbol Lookup
IndexesChangePrice
DJIA-137.3210,327.08
NASDAQ-28.742,147.31
S&P 500-16.321,094.31

Last updated: November 27, 2009: 12:11 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance