Retail in Asia

In People

PepsiCo CEO compensation up 6pc to USD17m

PepsiCo Inc CEO Indra Nooyi had total compensation worth USD17.1 million last year, up 6 percent from 2010, even as the food and drink company failed to meet its key internal performance targets.

The increase is largely due to a 23 percent jump in Nooyi’s base salary – her first raise in five years as CEO – and a gain in the value of her retirement benefits.

Nooyi, 56, has come under pressure from Wall Street for allowing PepsiCo’s North American soft drink business to languish while she focused on healthier products.

(Source: CNBC)