Send us Feedback

Pepsi Bottling Group (PBG)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBG » Topics » What are the highlights of our 2008 executive compensation program as described in this CD&A?

This excerpt taken from the PBG DEF 14A filed Apr 7, 2009.
What are the highlights of our 2008 executive compensation program as described in this CD&A?
 
  •  The primary objectives of our compensation program are to attract, retain, and motivate talented and diverse domestic and international executives
 
  •  We provide our executive officers with the following types of compensation: base salary, short-term performance-based cash incentives, and long-term performance-based equity incentive awards
 
  •  We believe that to appropriately motivate our senior executives to achieve and sustain the long-term growth of the Company, a majority of their compensation should be tied to the performance of the Company and each executive’s contribution to that performance
 
  •  We use equity-based compensation as a means to align the interests of our executives with those of our shareholders
 
  •  We believe the design of our executive compensation program drives performance in a financially responsible way that is sensitive to the dilutive impact on shareholders
 
  •  We generally target total compensation within the third quartile of companies within our peer group of companies which was changed slightly in 2008
 
  •  In early 2008, consistent with this philosophy, we granted a special, one-time performance-based equity award (the “Strategic Leadership Award”) to select senior executives linking their long-term compensation with the Company’s strategic imperatives and reinforcing continuity within the senior leadership team
 
  •  In early 2008, we added an individual, non-financial performance component to our annual performance-based cash incentive program for senior executives to reinforce the importance of their individual contribution to certain non-financial objectives
 
  •  The challenging worldwide economic environment resulted in Company performance in 2008 that was significantly below target. Our management nevertheless delivered solid year-over-year financial results. Based on these results, the Committee determined it appropriate to award a discretionary bonus amount to each of the Named Executive Officers. The total bonus payout for each of the Named Executive Officers was significantly below target
 
  •  We have never backdated or re-priced equity awards and we do not time our equity award grants relative to the release of material non-public information
 
  •  Our executive officers do not have employment, severance or change-in-control agreements
 
  •  We do not provide any gross-ups for potential excise taxes that may be incurred in connection with a change-in-control of the Company
 
  •  We have a long-standing policy in place to recoup compensation from an executive who has engaged in misconduct
 
  •  Our executives participate in the same group benefit programs, at the same levels, as all employees
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki