According to a regulatory filing, the US food and drinks giant, PepsiCo Inc., paid its chairman and CEO, Steven Reinemund, a US$3.2m bonus last year, 8.5% lower than the US$3.5m bonus he received the year before.
PepsiCo paid Reinemund a basic salary of US$1m in the 2002 fiscal year which was slightly higher than the US$984,615 he received in 2001.
Reinemund also received options for 758,357 common shares last year, compared with options for 2.1m common shares in 2001. The options have an exercise price of US$50 a share. They expire at the end of January, 2012 and are exercisable from the beginning of February, 2005.
