US: PepsiCo boss doubles income in 2007 - filing
PepsiCo's CEO received more than double the amount that she took home the previous year, according to a recent filing.
The soft drinks company said in a regulatory filing on Monday (24 March) that Indra Nooyi received compensation valued at US$14.7m in 2007, compared to the $6.3m she was paid in 2006, when she served as CFO for most of the year.
Noovi's predecessor, Steven Reinemund, earned $17.5m in 2006, the company said.
The bulk of Nooyi's 2007 pay came in the form of stock and options worth approximately $9.83m on the day they were granted. Noovi also earned $1.3m in salary, $3.2m in performance-based bonuses and $404,071 in other compensation, said the filing.
The company's second-highest paid executive is PepsiCo International CEO Mike White, who received a compensation package worth $7.1m in 2007, of which $3.1m was stock and options.
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