Indra Nooyi

I'm not going to tell you those mistakes, but yeah, of course.

I mean, we correct them, but yeah, we made mistakes.

And if the mistakes were made, it's because I wish we'd played out how that market could have evolved even more, or I didn't bring the bottlers in soon enough to talk about how they're going to carry it on the bottling system, or I put it into Frito-Lay even though it was a good-for-you product, and somehow it became a fun-for-you product when I wasn't looking.

So, yeah, we made mistakes.

The key thing is where it makes a huge difference and big bucks are involved, be careful.

Be ultra careful about post-merger integration people because the cost of failure is very high.

They've got this uncanny ability to zoom in and zoom out.

They ask people for opinions and ideas and incorporate them.

They put their hands up for difficult assignments and learn from difficult assignments.

They've gone through failure in the past.

People who hit it out of the park have been through a lot of failure and learned from that failure.

They haven't allowed it to get them down.

They've learned from those failures.

They pick themselves up, talk about what they learned, fix it the next time and move forward.

These are people who are typically humble.

You know, people who hit it out of the park rarely beat their chest and say, I hit it out of the park.

I hit it out of the park.

Look at me.

I got to move forward.

These are people who say, hey, this is what the company needed.