| PepsiCo CEO Nooyi gets $17 mn in compensation |
| Reuters / Mar 24, 2012, 09:55 IST |
The change in Nooyi's pension value and deferred compensation was $3 million in 2011, up from $2.1 million in 2010, although her incentive compensation fell to $2.5 million from $3 million in 2010.
"Our net revenue, net income and earnings-per-share growth were slightly below the stretch targets established by the compensation committee under our incentive plans," said the maker of Pepsi-Cola, Tropicana juice and Doritos corn chips.Excluding the impact of currency fluctuations, PepsiCo grew its revenue by 13%, net income by 4% and earnings per share by 5% in 2011. Its targets called for gains of 14%, 7% and 7-9%, respectively.
PepsiCo's shares rose 1.6% in 2011, underperforming rival Coca-Cola Co, whose shares rose 6.4% during the year. The overall stock market, as measured by the Standard & Poor's 500 index, was essentially flat.
Coca-Cola CEO Muhtar Kent also got his first raise in salary last year since becoming CEO in 2008. His base salary went from $1.2 million to $1.4 million. His salary will rise again, to $1.6 million, on April 1, the company said in its proxy, filed earlier this month.
Kent's total compensation package was valued at $29.1 million in 2011, up 17% from 2010.
"Our net revenue, net income and earnings-per-share growth were slightly below the stretch targets established by the compensation committee under our incentive plans," said the maker of Pepsi-Cola, Tropicana juice and Doritos corn chips.Excluding the impact of currency fluctuations, PepsiCo grew its revenue by 13%, net income by 4% and earnings per share by 5% in 2011. Its targets called for gains of 14%, 7% and 7-9%, respectively.
PepsiCo's shares rose 1.6% in 2011, underperforming rival Coca-Cola Co, whose shares rose 6.4% during the year. The overall stock market, as measured by the Standard & Poor's 500 index, was essentially flat.
Coca-Cola CEO Muhtar Kent also got his first raise in salary last year since becoming CEO in 2008. His base salary went from $1.2 million to $1.4 million. His salary will rise again, to $1.6 million, on April 1, the company said in its proxy, filed earlier this month.
Kent's total compensation package was valued at $29.1 million in 2011, up 17% from 2010.
NOOYI with CHANDA KOCHHAR OF ICICIC BANK
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