PepsiCo ex-CEO Indra Nooyi says she has “never, ever, ever asked for a raise”

In an interview with New York Times earlier this week, she stated that she had “Never, ever, ever asked for a raise,” citing that she found it a cringe-worthy behaviour.

Former chief executive officer of PepsiCo, Indra Nooyi, stated in a recent interview that she has never demanded a pay raise at her place of work. The India-origin businesswoman is one of a handful of women to be placed in charge of a large public corporation in the U.S. 

Having stepped up as the CEO of PepsiCo, a leading American-based food, snack, and beverage corporation headquartered in New York, in 2006, she remained at the position until 2018. She is currently a member of the board for e-commerce giant Amazon.com Inc.

In an interview with New York Times earlier this week, she stated that she had “Never, ever, ever asked for a raise,” citing that she found it a cringe-worthy behaviour. She further reiterated her stance, asserting that she could never work for somebody and complain that her pay is not enough. 

Gender-based discrimination in the corporate world is not a hidden affair. Currently, only 31 women make it as executive heads of companies on the Standard &Poor’s 500 index which tracks the performance of the largest corporations in the United States. Many studies and surveys conducted over the years also substantiate the claim that women executives are continuously paid lesser compensation than men holding the same positions. 

In 2018, when Nooyi stepped down as PepsiCo’s CEO, the highest-paid female executive on Bloomberg’s ranking of executive compensation only ranked number 33. In 2020, only 5 women made it to the top 100 most paid CEO ranking of Bloomberg. 

In the interview with NYT, Nooyi affirmed that she had never pleaded with the board to give her more money, also alluding to an instance when she had refused a pay raise given to her. She stated that the reason for her refusal to accept the raise was that “it was right after a financial crisis.”

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