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.
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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.
