An $11.8 million pay package for PepsiCo CEO
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- March
- 24
PepsiCo Inc., the Purchase-based beverage and soft drink giant, increased total compensation by 23 percent last year for Chief Executive Officer Indra Nooyi.
Nooyi’s compensation package was valued at nearly $11.8 million in 2007, up from $9.6 million a year earlier, according to a company filing yesterday with the Securities and Exchange Commission.
The increased pay came at a time when PepsiCo is performing well in its core businesses and building sales for its soft drinks and snacks in fast growing international markets. Last year, the company’s net revenue increased 12 percent and core earnings per share surged 13 percent. Shareholders also benefited from a gain of 21 percent in the company’s stock price in 2007.
“Our brands are some of the best loved trademarks in the world, and we’re continually adding to their vitality through exceptional innovation and unmatched go-to-market execution,” Nooyi said in February when the earnings were released.
Nooyi’s 2007 compensation included:
•Salary of $1.3 million, up from $964,413 in 2006.
•$3.2 million in stock awards, up from $2 million in 2006.
•$2.8 million in option awards, up from $2.3 million in 2006.
•$3.2 million for a non-equity incentive plan, up from $3 million in 2006.
•$825,085 representing a change in pension value, down from $898,884 in 2006.
•Other compensation of $404,071, up from $344,775 in 2006.
This entry was posted
on Monday, March 24th, 2008 at 2:10 pm by Jay Loomis.
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