DAY HALL—Following a surprise press conference Thursday morning, university stakeholders are reportedly responding positively to President Martha Pollack’s announcement that PepsiCo has officially acquired Cornell University in a deal that has rebalanced the university’s finances amid a period of great economic uncertainty.
University stakeholders have been weighing in from all sides with overwhelmingly favorable responses to the acquisition by the global beverage and snack food conglomerate.
“Do I think this will change things around here? Sure. But honestly, changes will mostly be on the administrative side. I doubt students will even notice,” said Dr. Peter Thompson, the Mountain Dew Kickstart Professor of Romance Languages and member of the Quaker Oats Faculty Senate.
The acquisition, occurring for an undisclosed amount, is expected to greatly ease previously anticipated financial hardship for the university while also providing new financial aid programs for students.
“I think this deal will create great new opportunities for students once we get back to campus,” offered Kimberly Rojas, a freshman CS major and recipient of the inaugural Stacy’s Pita Chips Prize for Women of Color in STEM.
“We saw a great deal of alignment between Cornell and our portfolio of other products that, if not consumed in careful moderation, pose extreme health risks to our consumers,” said Bruce Jasper, Senior Brand Director at PepsiCo and newly-appointed member of the Naked [Juice] Board of Trustees. “With the looming financial troubles being faced by the University and our desire to diversify our product mix, this was really a win-win deal.”
As of press time, PepsiCo shareholders, concerned about the acquisition’s impact on quarterly earnings, successfully petitioned the Board of Trustees to immediately end all humanities programs.