PepsiCo CEO's pay bumped to $13.2 million

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Associated Press

Posted on March 22, 2014 at 12:00 AM

Updated Saturday, Mar 22 at 12:00 AM

NEW YORK (AP) — PepsiCo CEO Indra Nooyi got a pay package worth $13.2 million last year, representing a 5 percent increase from the previous year.

The pay bump was the result of a higher performance-based bonus, reflecting the company's improved financial results after coming out of a "transitional year" in which it slashed costs and stepped up investments in flagship brands.

In addition to its namesake soda, PepsiCo makes Gatorade, Mountain Dew, Quaker oats and Frito-Lay snacks such as Doritos and Cheetos.

The AP's calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.

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