Indra Nooyi Made $26.4 Million in 2015
PepsiCo CEO Indra Nooyi received an 18 percent pay bump in 2015, Bloomberg reports. Nooyi took home $26.4 million last year, $13.9 million of which came from cash bonuses and $6.25 million as a stock award. The company awarded Nooyi the aforementioned bonuses for her role in cutting more than $1 billion in costs last year through. Meanwhile, PepsiCo CFO Hugh Johnston took home $8.56 million.
The news follows revelations that Coca-Cola Co. CEO Muhtar Kent took a 42 percent pay cut in 2015. Kent made $14.6 million for the year.
Grady’s Heads to the Bronx
Grady’s Cold Brew is headed uptown. In a recent story on New York City-based businesses relocating to the Bronx, NY1 reported that the cold brew coffee brand has secured a lease on a new manufacturing facility in Hunts Point that is double the size of its current 6,000-square-foot Brooklyn headquarters. Grady’s President Grady Laird told the broadcaster that its new factory offers more bang for the company’s buck.
“What we’ll be paying in 15 years at the end of that lease is less than we would be paying starting in Brooklyn,” Laird said.
Get Your Unicorn Kisses While They Last
Ahead of April Fools Day, Polar Beverages has announced “Unicorn Kisses” as its newest limited-edition flavor of sparkling water. Polar marketing coordinator Andrew Hollis told ABC News that only 5,000 cases of the small-batch order were produced, which he expects to last between two and three weeks. In a tongue-in-cheek press release, the company said Polar Seltzer “was first created in a deal struck between a nature loving humanitarian and a sad unicorn. Their chance encounter has forever sealed the fate of thirsty consumers everywhere. Rainbows were exchanged for sparkline in an all equity deal.”
Man Hides Meth in Monster
An Illinois man was arrested after police found methamphetamine hidden in a fake can of Monster Energy, the Oak Lawn Patch reports. Dennis Maddox, a 35-year-old resident of Burbank,was charged with possession of a controlled substance after police pulled him over for a traffic violation. The officers discovered marijuana and 1.25 grams of meth hidden in a “stash can” that resembled a Monster Energy can with a screw top lid.
BeeSweet Lemonade Secures Distribution at Whole Foods
Eleven-year-old Mikaila Ulmer has secured distribution at Whole Foods for her BeeSweet Lemonade brand. The Austin, Texas sixth grader, who received a $60,000 investment in her company on a 2015 episode of ABC’s “Shark Tank,” recently revealed to NBC News that her product will soon hit the shelves of 55 Whole Foods locations in Texas, Oklahoma, Arkansas, Louisiana and Florida. Ulmer said she has also entered into a distribution agreement with leading natural foods distributor UNFI.
Founded in 2009, BeeSweet Lemonade is based on a honey-sweetened lemonade recipe that Ulmer’s great grandmother developed in 1940. The company donates a portion of its profits to organizations dedicated to combatting honey bee extinction.