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Stock impact report

Pepsi CEO makes 650 times the typical worker [MarketWatch]

PepsiCo, Inc. (PEP) 
Last pepsico, inc. earnings: 4/28 06:03 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
Company Research Source: MarketWatch
Pepsi CEO makes 650 times the typical worker PepsiCo Inc. PEP, -0.31% Chief Executive Indra Nooyi received more than $31 million in total compensation, which the company said late Friday is about 650 times the salary of a typical worker. Firms are reporting their CEO pay in comparison to the median worker for the first time because of a 2015 rule mandated by the Dodd-Frank act. PepsiCo said Friday that excluding the CEO and about 4,600 overseas staff from 38 countries, the median salary a worker makes is $47,801. The excluded employees represent 5% of the company's total headcount of 272,398, as of October, 2017. The company said in a Securities and Exchange Commission filing that it collected full year 2016 data and did not use statistical sampling to arrive at the CEO pay ratio. PepsiCo stock has dropped nearly 7% since the beginning of the year, as the benchmark S&P 500 index SPX, +0.17% rose 2.7%. Show less Read more
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