Shares of PepsiCo (NASDAQ:PEP) were up today after activist investor Nelson Peltz sent a letter to the board of directors urging the company to spin off its snack division as a separate company. The idea is one that has been bandied about before, and in this segment from Thursday's Investor Beat, host Chris Hill and Motley Fool analyst Matt Koppenheffer discuss whether now is finally the time for this split to happen.

Meanwhile, Bank of America (NYSE:BAC) was the No. 1 traded stock on the NYSE today, as CEO Brian Moynihan was given a $14 million raise in salary and bonus for his performance in 2013. Matt acknowledges the sticker shock here, but takes investors through several of Moynihan's achievements during the past year that have led to the raise being warranted.