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Pepsi Bottling Group

PepsiCo CEO Nooyi's 2011 Total Pay Up 5.8% To $17.1 Million

PepsiCo Inc. (PEP) Chairman and Chief Executive Indra Nooyi earned 2011 compensation valued at $17.1 million, according to a Securities and Exchange Commission filing released Friday, a 5.8% increase from the prior year driven primarily by an increase in the value of pension benefits.Nooyi's 2011 compensation included $1.6 million in base salary, up from $1.3 million, her first increase in base pay since becoming CEO in 2006. Stock and option awards totaled $9.5 million, roughly equal to year-ago levels, while her incentive plan compensation fell to $2.5 million from $3 million last year.Nooyi's pension value and non-qualified deferred compensation earnings was about $3 million, up from $2.1 million in 2010.The second-highest listed pay package for top executives went to Eric Foss, the former CEO of Pepsi Bottling Group , a large bottler that Pepsi acquired in 2010. Foss, who retired from PepsiCo in December, had total compensation of $15.6 million in 2011, which included a $6.5 millio...

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