USA: Quaker CEO in line for US$19.25m Pepsi windfall
Robert Morrison, chairman and CEO of Quaker Oats , could well find himself at the receiving end of a US$19.25m cheque, and at least 600,000 common PepsiCo shares, if the latter's US$13.8bn buyout of Quaker is approved. Shareholder and antitrust officials at both companies have yet to OK the deal, which will see Morrison become PepsiCo vice-chairman and Quaker's chairman, president and CEO with an annual base salary of US$1,107,750 upwards.
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