Corporate Office HQ

Pepsi Co Corporate Office

PepsiCo

The recipe for the soft drink Pepsi was developed in the 1880s by Caleb Bradham. He created the Pepsi-Cola Company in 1902 and registered for the recipe patent in 1903. The company went bankrupt in 1931 and was bought by Charles Guth.

Charles Guth was the president of Loft, Incorporated, a leading candy manufacturer with a large chain of restaurants and candy shops. He used Loft’s chemists to reformulate the syrup and contracted to stock soda in the restaurants, which were known for their soda fountains.

History

In 1935 Loft’s shareholders sued Guth for his 91% stake in the company. Loft won the lawsuit and as a result the company formally absorbed Pepsi in 1941 and it was rebranded by Pepsi Cola Company.

In the 1960s Pepsi’s line of products expanded with the creation of Diet Pepsi and Mountain Dew.

In 1965 the Pepsi Cola Company merged with Frito-Lay and became PepsiCo, Inc.

From the 1970s through the 1990s PepsiCo expanded by acquiring new brands outside of its core business of packaged food and beverages. It later sold these brands to refocus on the core business. Examples of these brands are Pizza Hut, KFC, California Pizza Kitchen, and Wilson Sporting Goods.

These large divestments were followed by acquisitions, notably of Tropicana Products in 1998. PepsiCo merged with Quaker Oats Company in 2001, which added the Gatorade sports drink line

In 2010 the company completed a $7 billion acquisition of its two largest bottlers in North America.

Today PepsiCo has 22 product lines that generate retail sales of $1 billion each. By net revenue, PepsiCo is the largest food and beverage business in the United States and the second largest in the world. PepsiCo has 300,000 employees worldwide, is part of the S&P 500, and had $65 billion in revenue in 2012.

In September 2022, Pepsico stopped production of all products in Russia due to the ongoing war with Ukraine.

While Pepsico stock is currently running strong, insiders at the company sold $11 million worth of stock, indicating they expect the stock to weaken in the future.

Pepsi headquarters are located in Purchase, New York.

Johnson & Johnson Corporate Office

Johnson & Johnson

The three Johnson brothers, Robert Wood, James Wood, and Edward Mead together created a line of ready-to-use surgical dressings in 1885. They produced their first product the next year, and the company incorporated in 1887.

Johnson & Johnson started producing consumer products in the 1920s. The company created a separate division for surgical products in 1941. This division eventually became the pharmaceutical division.

Johnson & Johnson expanded into women’s sanitary products and toiletries in the 1970s and 1980s.

History

In recent years the company has diversified even further, into such areas as orthopedics, internet publishing, and biopharmaceuticals.

Johnson & Johnson’s most well-know brands are Band-Aid, Tylenol, Johnson’s baby products, Neutrogena, Clean & Clear, and Acuvue.

On December 31, 2012 the FDA approved Sirturo, the first new tuberculosis drug on the market in 40 years.

Today Johnson & Johnson has 250 subsidiaries with operations in 57 countries, sells products in 175 countries, is part of the S&P 500, has 118,000 employees, and had $65 billion in revenue in 2012.

INTL FCStone Corporate Office

INTL FCStone

INTL FCStone has its roots in the 1924 founding of Saul Stone and Company.

In the 1930s Saul Stone and Company was one of the first members of the Chicago Mercantile Exchange.

In the 1970s the company began to work in financial futures.

History

In 1978 Farmers Commodities Corporation was formed to provide grain brokerage services. The company eventually bought Saul Stone and Company in 2000 and changed the name to FCStone.

In 1981 International Assets was founded as a brokerage firm. The company was listed on the NASDAQ in 1994.

In September of 2009 FCStone and International Assets merged. The company changed its name in 2010 to INTL FCStone.

Today, INTL FCStone is a financial services company that provides, together with their subsidiaries, foreign exchange services, treasury services, physical commodities trading, securities execution, risk-management services, foreign exchange and spot foreign currency trading services, and wholesale market services in select foreign securities.

INTL FCStone is #28 on the Fortune Global 500 list, works in over 100 countries through 30 worldwide offices, serves over 10,000 customers, has 1,000 employees, and had $54.53 billion in revenue in 2012.

INTL FCStone has its roots in the 1924 founding of Saul Stone and Company. In the 1930s Saul Stone and Company was one of the first members of the Chicago Mercantile Exchange. In the 1970s the company began to work in financial futures. In … [Continue reading] about INTL FCStone Corporate Office

American International Group Corporate Office

American International Group Inc.

American International Group Inc. (AIG) has its roots in the 1919 founding of American Asiatic Underwriters (AAU) by American Cornelius Vander Starr in Shanghai, China. Within ten years, AAU had branches throughout China, the Philippines, Indonesia, and Malaysia.

In 1926, the company expanded to the United States under the name American International Underwriters Corporation (AIU). Starr also focused on the Latin American market, opening a branch in Havana, Cuba in the late 1930s.

In 1939, Starr moved his company’s headquarters from Shanghai to New York City.

History

After WWII, AIU entered Japan and Germany to provide insurance to American military personnel.

In the 1940s and 1950s AIU entered France, Italy, and the U.K.

By the end of the 1950s, AIU was operating in 75 countries by way of an extensive network of offices and agents.

In 1967, American International Group (AIG) was incorporated as an umbrella organization for all of the different insurance businesses.

AIG went public in 1969. Throughout the next decades, the company continued to expand business by offering specialty products in niche markets such as energy, transportation, and shipping products, as well as risk management, pollution liability, and political risk.

AIG suffered huge losses during the financial crisis of 2008 as the company had sold default insurance on billions of dollars of structured debt securities backed by sub-prime loans.

Today AIG is the 62nd-largest public company in the world with customers in more than 130 countries and 63,000 employees globally. AIG had $65.656 billion in revenue in 2012.

Freddie Mac Corporate Office

Freddie Mac

The Federal Home Loan Mortgage Corporation (known as Freddie Mac) was created in 1970 to expand the secondary market for mortgages. Previous to this, the Federal National Mortgage Association (known as Fannie Mae) was the only institution in this market.

The secondary mortgage market is when an institution buys secondary mortgages. They then pool them together and sells them to investors on the open market as mortgage-backed securities. This increases the amount of money that is available for mortgages.

In theory, this lowers the risk for a bank or financial institution of holding the mortgage because of the aggregation process. However, this process undoes the connection between lender and borrower, such that the institution that originally granted the mortgage had no incentive to make sure the borrower can pay the loan. Freddie Mac assumes the credit risk on the mortgages in exchange for charging a guarantee fee.

History

Freddie Mac’s stock plummeted to $1 in September of 2008 as a result of the economic crisis, then dropped another 50% by June of 2010. At that point Freddie Mac was delisted.

Today Freddie Mac provides credit guarantee for residential mortgages and invests in mortgage loans and mortgage-related securities in the U.S. Freddie Mac has 5,000 employees and had $80.64 billion in revenue in 2012.