Member access

4-Traders Homepage  >  Shares  >  Nyse  >  The Coca-Cola Co    KO   US1912161007

THE COCA-COLA CO (KO)

324
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

PepsiCo CEO compensation up 6 percent to $17 million

03/23/2012 | 06:04pm US/Eastern

(Reuters) - PepsiCo Inc (>> PepsiCo, Inc.) Chief Executive Indra Nooyi had total compensation worth $17.1 million last year, up 6 percent from 2010, even as the food and drink company failed to meet its key internal performance targets.

(Reuters) - PepsiCo Inc (>> PepsiCo, Inc.) Chief Executive Indra Nooyi had total compensation worth $17.1 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.

Nooyi got a base salary of $1.6 million in 2011, up from $1.3 million before. The new salary is more in line with that of her peer group, PepsiCo said in its annual proxy statement, filed on Friday.

The change in Nooyi's pension value and deferred compensation was $3 million in 2011, up from $2.1 million in 2010, although her incentive compensation fell to $2.5 million from $3 million in 2010.

"Our net revenue, net income and earnings-per-share growth were slightly below the stretch targets established by the compensation committee under our incentive plans," said the maker of Pepsi-Cola, Tropicana juice and Doritos corn chips.

Excluding the impact of currency fluctuations, PepsiCo grew its revenue by 13 percent, net income by 4 percent and earnings per share by 5 percent in 2011. Its targets called for gains of 14 percent, 7 percent and 7 to 9 percent, respectively.

PepsiCo's shares rose 1.6 percent in 2011, underperforming rival Coca-Cola Co (>> The Coca-Cola Company), whose shares rose 6.4 percent during the year. The overall stock market, as measured by the Standard & Poor's 500 index <.SPX>, was essentially flat.

Coca-Cola CEO Muhtar Kent also got his first raise in salary last year since becoming CEO in 2008. His base salary went from $1.2 million to $1.4 million. His salary will rise again, to $1.6 million, on April 1, the company said in its proxy, filed earlier this month.

Kent's total compensation package was valued at $29.1 million in 2011, up 17 percent from 2010.

(Reporting By Martinne Geller in New York; editing by Andre Grenon)

By Martinne Geller

Stocks treated in this article : The Coca-Cola Company, PepsiCo, Inc.
React to this article
Latest news on THE COCA-COLA CO
05/29 OLD MUTUAL : Annual Old Mutual Victory Race Series Launched
05/28DJScandal in World Soccer Pressures Sponsors
05/28 Domino's Announces Key Leadership Appointments and Promotions; Proven leaders..
05/27 WIZARD WORLD : The Coca-Cola Company : Announced As Title Sponsor For Wizard Wor..
05/26DJCoke Says It Is Ready To Let In Monster
05/26 COCA COLA : Edwards outlasts Biffle for victory
05/25 COCA COLA : Coke Studio Season 3 Set to Begin
05/25 COCA COLA : Coke Studio Season 3 Is Here
05/25 MOLESKINE : Coke Unveils Licensed Merchandise Inspired by 100th Anniversary of C..
05/25 COCA COLA : Edwards wins Coca-Cola 600
Advertisement
Chart
Duration : Period :
The Coca-Cola Co Technical Analysis Chart | KO | US1912161007 | 4-Traders
Income Statement Evolution
More Financials