Femme-O-Nomics follows the ups — and downs — of today’s female captains of industry. Here is the latest on Indra Nooyi, Meg Whitman, and Marissa Mayer.
Nooyi Gets a Pay Raise – The Financial Express
PepsiCo Chairman and CEO Indra Nooyi has received a 6 percent pay hike from her 2010 salary to “better align her salary her base salary with the peer group median,” says the beverage and food company in a regulatory filing. The increase placed her pay package for 2011 at US $17.1 million, The Financial Express reports. The company’s Compensation Committee said that the increase in her total direct compensation “was driven primarily by changes in her retirement benefit valuation.” Despite criticisms of US investors over the declining performance of PepsiCo shares, this is the first time that Nooyi’s annual base salary was increased from $1.3 million to $1.6 million since her appointment as CEO in 2006. PepsiCo also revealed that “approximately 90 percent of Nooyi’s target total compensation is tied directly to the company’s performance,” putting speculations that she is soon to be replaced as CEO to rest.
WSJ’s Al Lewis Gives Unsolicited Advice to Meg Whitman on Autonomy Write Down – The Wall Street Journal
Al Lewis has been giving CEO Meg Whitman “unsolicited advice” in his commentaries on The Wall Street Journal on how to survive the “HP boot” and now that she had to write down its $10.3 billion purchase of British software company Autonomy to $8.8 billion (a deal which Lewis had previously advised Whitman against), he has more tips for the “CEO whose days are numbered.” Lewis counsels Whitman to not sue Autonomy auditor Deloitte, who had “nothing to do with your own lack of “due diligence” in purchasing Autonomy”; not to sue the “accountants, lawyers and investment bankers who made millions from this ill-fated deal” since they “get paid to do deals,” after all; and to take back the findings HP filed with the U.S. Securities and Exchange Commission about Autonomy’s misrepresentation since it does not have the “resources to bother with accounting fraud claims”. He also reminded Whitman that she was among those who approved the Autonomy purchase as an HP board member when Apotheker was CEO. Whether Whitman will heed his proposals still remains to be seen.
Give Mayer’s “Easy Baby” a Break Urges The Accidental Expert – Babble
When new mother and Yahoo! CEO Marissa Mayer declared at the Fortune Most Powerful Women dinner that her “baby’s been easy,” the criticisms came on. Lisa Belkin, Senior Columnist on The Huffington Post, wrote Mayer an open letter asking her to stop putting the words “baby” and “easy” in the same sentence as she could be “modeling the wrong thing” to the ordinary women who find balancing family life and career “messy, daunting, and hard.” But The Accidental Expert Asha Dornfest came to Mayer’s defence. She asks: “Since when is someone’s parenting experience invalid just because it’s positive?” Dornfest believes that no comparisons should be made among those who have “hard” or “easy babies.” Instead of criticizing, she exhorts that mothers should give each other support: “When one of us is struggling, let’s gather around her and give her strength. But when one of us is rejoicing, let’s rejoice with her.”
Category: News In Review