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The pay makes the incoming leadership team one of the most expensive in Disney's history.
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PepsiCo said it will lower its suggested retail price on snacks including Doritos, Cheetos, Tostitos and Lay's by up to 15 percent starting this week.
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Disney has named Josh D'Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race.
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