This excerpt taken from the PBG DEF 14A filed Apr 4, 2007.
Objectives of Our Executive Compensation Program
The approach to our executive compensation program has been consistent over our Companys history the Committee, with the input of management, establishes the core objectives of our executive compensation program and the Committee is provided the tools, information and flexibility to satisfy those objectives in light of prevailing market trends, competitive pressures, regulatory changes, and Company and individual considerations.
The core objectives of our executive compensation program are to:
We achieve the above objectives through the use of various executive compensation elements that drive both short-term and long-term Company performance, deliver to our executives fixed pay as well as variable, performance-based pay, and provide significant personal exposure to PBG common stock. In 2006, these elements included base salary, an annual performance-based cash incentive (variable, short-term pay), long-term incentive awards in the form of stock options and RSUs (variable, long-term pay), limited perquisites, and pension benefits.