Nooyi gets $14m
New York, March 25:
Indra Nooyi, the India-born chief executive of PepsiCo, received $14.74 million in compensation in 2007, her first full year as head of the world’s second-largest soft drink maker. Her 2007 compensation value more than doubled the $6.3 million she was paid in 2006, when she served as Pepsi’s chief financial officer for most of that year before taking over the top spot in October 2006.
According to the company’s annual regulatory filing Monday, Nooyi’s package makes her the highest paid executive in the company. Her package includes $1.3 million in salary, $3.2 million of non-equity incentive plan compensation, and nearly $400,000 in compensations such as executive perks including flying on the company jet.