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This excerpt taken from the PBG DEF 14A filed Mar 31, 2006. Summary. The
Committee believes that the compensation programs of the Company
are well structured to encourage attainment of objectives and
foster a shareholder perspective in management, in particular
through employee stock ownership. The Committee believes that
the awards made in 2005 were competitive and appropriate, and
serve shareholders long-term interests.
Respectfully submitted,
The Compensation and Management Development
Committee
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