Indra Nooyi, the CEO of PepsiCo, got a pay hike worth $13.2 million (Re. 78 Crore) last year, which represents a 5 % increase over the previous year. The pay hike was the result of a higher performance bonus, reflecting improved financial results after a recovery phase involving cost cutting and more investments in flagship brands.
PepsiCo makes Pepsi, Mountain Dew, Quaker Oats and Frito-Lay snacks such as Doritos and Cheetos. The company invested heavily in marketing for Pepsi, which had lost market share to Coca Cola over the years. For 2013, Nooyi's pay included a base salary of $ 1.6 million, stocks worth $7.5 million and a performance bonus of $ 4 million. Other pay last year included $102,772 for using the company aircraft and $ 30,463 for ground transportation. Nooyi, 58, has been the company's CEO since 2006.