{"id":2712,"date":"2018-11-06T20:54:33","date_gmt":"2018-11-07T01:24:33","guid":{"rendered":"http:\/\/icic.com\/site\/?p=2712"},"modified":"2018-11-06T20:57:27","modified_gmt":"2018-11-07T01:27:27","slug":"pepsico-pep-under-ceo-ramon-laguarta","status":"publish","type":"post","link":"https:\/\/icic.com\/?p=2712","title":{"rendered":"PepsiCo PEP under CEO Ramon Laguarta"},"content":{"rendered":"<p><!--more--><\/p>\n<div><\/div>\n<div>\n<table style=\"border-collapse: collapse;\" border=\"0\">\n<colgroup>\n<col style=\"width: 19px;\" \/>\n<col style=\"width: 87px;\" \/>\n<col style=\"width: 21px;\" \/>\n<col style=\"width: 21px;\" \/>\n<col style=\"width: 21px;\" \/>\n<col style=\"width: 64px;\" \/>\n<col style=\"width: 19px;\" \/>\n<col style=\"width: 19px;\" \/>\n<col style=\"width: 19px;\" \/>\n<col style=\"width: 64px;\" \/>\n<col style=\"width: 19px;\" \/><\/colgroup>\n<tbody valign=\"top\">\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">6<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: solid 0.5pt; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">5<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">4<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<\/tr>\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 18px;\">\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: solid 0.5pt; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">1<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">H<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: center;\"><span style=\"color: black; font-family: Verdana;\">T<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">3<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">2<\/span><\/p>\n<\/td>\n<td style=\"background: #bfbfbf; padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\"><span style=\"color: black; font-family: Verdana;\">\u00a0<\/span><\/td>\n<td style=\"padding-left: 5px; padding-right: 5px; border-top: none; border-left: none; border-bottom: solid 0.5pt; border-right: solid 0.5pt;\" valign=\"bottom\">\n<p style=\"text-align: right;\"><span style=\"color: black; font-family: Verdana;\">8<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: Verdana;\"><strong>HEXAGRAM 48 \u2013 Ching &#8211; The Well<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family: Verdana;\">Above\u00a0\u00a0\u00a0\u00a0K&#8217;AN\u00a0\u00a0\u00a0\u00a0THE ABYSMAL, WATER<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">Below\u00a0\u00a0\u00a0\u00a0SUN\u00a0\u00a0\u00a0\u00a0THE GENTLE, WIND, WOOD<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana;\">Wood is below,<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">water above.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">The wood goes down into the earth to <span style=\"background-color: yellow;\">bring up<\/span> water.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">The image <span style=\"background-color: yellow;\">derives<\/span> from the pole-and-bucket well of ancient China.<br \/>\n<\/span><\/p>\n<ol>\n<li><span style=\"font-family: Verdana;\">The wood <span style=\"background-color: yellow;\">represents<\/span><br \/>\n<\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"font-family: Verdana;\">not the <span style=\"background-color: yellow;\">buckets<\/span>, which in ancient times were made of clay,<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">but rather the <span style=\"background-color: yellow;\">wooden poles<\/span> by which the water is hauled up from the well.<br \/>\n<\/span><\/li>\n<\/ul>\n<ol>\n<li><span style=\"font-family: Verdana;\">The image also <span style=\"background-color: yellow;\">refers<\/span> to the world of plants,<br \/>\n<\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"font-family: Verdana;\">which <span style=\"background-color: yellow;\">lift<\/span> water out of the earth by means of their fibers.<br \/>\n<\/span><\/li>\n<\/ul>\n<ol>\n<li><span style=\"font-family: Verdana;\">The well from which water is drawn conveys the further idea of<br \/>\n<\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"font-family: Verdana;\">an <span style=\"background-color: yellow;\">inexhaustible dispensing of nourishment<\/span>.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\"><strong>THE JUDGMENT<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family: Verdana;\">THE WELL.<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana;\">The <span style=\"background-color: yellow;\">town<\/span> may be changed,<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">But the <span style=\"background-color: yellow;\">well<\/span> cannot be changed.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">It<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana;\">neither decreases<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">nor increases.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">They come and go and draw from the well.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">If<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana;\">one gets down almost to the water And<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">the rope does not go all the way, Or<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">the jug breaks,<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">it brings misfortune.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">In ancient China the capital cities were sometimes moved,<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana;\">partly for the sake of more favorable location,<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">partly because of a change in dynasties.<br \/>\n<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Verdana;\">The style of architecture changed in the course of centuries,<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">but the shape of the well has remained the same from ancient times to this day.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">Thus the well is the <span style=\"background-color: yellow;\">symbol<\/span> of that social structure which,<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">evolved by mankind in meeting its most primitive needs,<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">is independent of all political forms.<br \/>\n<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Verdana;\">Political structures change, as do nations,<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">but<br \/>\n<\/span><\/p>\n<ul>\n<li>\n<div><span style=\"font-family: Verdana; background-color: yellow;\">the life of man with its needs remains eternally the same \u2013<br \/>\n<\/span><\/div>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">this cannot be changed.<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family: Verdana; background-color: yellow;\">Life is also inexhaustible.<br \/>\n<\/span><\/div>\n<ul>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">It grows neither less nor more;<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">it exists for one and for all.<br \/>\n<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Verdana;\">The generations come and go, and<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">all enjoy life in its inexhaustible abundance.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">However, there are<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">two prerequisites for a satisfactory political or social organization of mankind.<br \/>\n<\/span><\/p>\n<ul>\n<li>\n<div><span style=\"font-family: Verdana; background-color: yellow;\">We must go down to the very foundations of life.<br \/>\n<\/span><\/div>\n<p><span style=\"font-family: Verdana;\">For any merely superficial ordering of life that leaves its deepest needs unsatisfied<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">is as ineffectual as if no attempt at order had ever been made.<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family: Verdana; background-color: yellow;\">Carelessness &#8211; by which the jug is broken &#8211; is also disastrous.<br \/>\n<\/span><\/div>\n<p><span style=\"font-family: Verdana;\">If for instance<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">the military defense of a state is carried to such excess that<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">it provokes wars by which the power of the state is annihilated,<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">this is a breaking of the jug.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">This hexagram applies also to the <span style=\"background-color: yellow;\">individual<\/span>.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">However men may differ in disposition and in education,<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">the foundations of human nature are the same in everyone. And<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family: Verdana; background-color: yellow;\">every human being can draw in the course of his education from<br \/>\n<\/span><\/div>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">the inexhaustible wellspring of the divine in man&#8217;s nature.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">But here likewise two dangers threaten:<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">a man<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">may fail in his education to penetrate to the real roots of humanity and<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">remain fixed in conventions partial education of this sort is as bad as none or<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">he<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana; background-color: yellow;\">may suddenly collapse and neglect his self-development.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\"><strong>THE IMAGE<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family: Verdana;\">Water over wood: the image of THE WELL.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">Thus the superior man<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Verdana;\"><span style=\"background-color: yellow;\">encourages<\/span> the people at their work, And<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\"><span style=\"background-color: yellow;\">exhorts<\/span> them to help one another.<br \/>\n<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Verdana;\">The trigram Sun, wood, is below, and<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: Verdana;\">the trigram K&#8217;an, water, is above it.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">Wood sucks water upward.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">Just as<br \/>\n<\/span><\/p>\n<ul>\n<li>\n<div><span style=\"font-family: Verdana;\">wood as an organism imitates the action of the well,<br \/>\n<\/span><\/div>\n<p><span style=\"font-family: Verdana;\">which benefits all parts of the plant,<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family: Verdana; background-color: yellow;\">the superior man organizes human society,<br \/>\n<\/span><\/div>\n<p><span style=\"font-family: Verdana; background-color: yellow;\">so that, as in a plant organism,<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Verdana;\"><span style=\"background-color: yellow;\">its parts cooperate for the benefit of the whole.<\/span><br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[253,247],"tags":[],"class_list":["post-2712","post","type-post","status-publish","format-standard","hentry","category-1-ceos","category-members-mandate-of-heaven","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9UYZX-HK","_links":{"self":[{"href":"https:\/\/icic.com\/index.php?rest_route=\/wp\/v2\/posts\/2712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icic.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icic.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icic.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/icic.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2712"}],"version-history":[{"count":3,"href":"https:\/\/icic.com\/index.php?rest_route=\/wp\/v2\/posts\/2712\/revisions"}],"predecessor-version":[{"id":2715,"href":"https:\/\/icic.com\/index.php?rest_route=\/wp\/v2\/posts\/2712\/revisions\/2715"}],"wp:attachment":[{"href":"https:\/\/icic.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icic.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icic.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}