Roger Enrico, the 56-year-old chairman and CEO accredited with revitalising snack and beverage PepsiCo Inc, received a base salary of US$1 last year. His bonus meanwhile increased by 74% on that of 1999, to reach US$4m.
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Details of the bonus were revealed through a proxy statement filed with the US Securities and Exchange Commission (SEC), which explained that the amount was based on “earnings per share growth and net sales results, the strength of PepsiCo’s strategic position, and total return to shareholders as compared to survey companies.”
Enrico, who plans to retire from the company this year, had asked for the savings from his wages go to children of “front line employees and those with annual salaries of less than US$60,000, to be used for scholarships.
