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Thursday, 19/May/2022

Indra Nooyi talks about her attitude towards money: “I’ve never asked for raise”

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In her recent book,  the former chairperson and CEO of PepsiCo reveals her viewpoint toward money.

Who is Indra Nooyi?

People consider her as one of the world’s most prominent and prestigious female leaders.

She is 65 years old and headed for 12 years liquid refreshment company PepsiCo. IIn 2018, she was turned down as its Chief Executive Officer (CEO).

Her native place is Chennai town. Before enrolling at Yale University in the United States for a postgraduate program, she studied at the Indian Institute of Management.

About the statements regarding her money demands

“My Life in Full”, her memoir divulges the money topic when things were compact for her but she does not write about the period when her financial status was less tight. This fact shows her great personality, powerful inner self, and healthy mindset.

In an interview with The New York Times Magazine, she is responding to several questions about her financial situation and especially about her vision about this subject.

She considers embarrassing the idea of asking for a raise: “I don’t know. I find it cringeworthy. I cannot imagine working for somebody and saying my pay is not enough. My husband and I talk about it all the time. He goes, ‘This is more money than we ever thought we would make, so forget it.’ He’s that way too.”

Reporters were questioning about how her attitude toward money evolved. She states: “I never asked my board to give me more money. Some of my reports would say to me, ‘Your problem is you’re not asking for more money because our compensation is pegged to yours and you’re not asking for more.’ I said: “I will never ask my board for more money. Whatever they give me is much more than I would have ever had”.

Despite her important function, she and her husband lived modestly, staying in the same house in Connecticut for over 30 years. Morover, her family invested in education, health and charity: “But we’ve given away a lot. All the educational institutions that touched us, our kids — we’ve endowed a chair in public health at Yale. We say, ‘We are blessed with money, so let’s give it away”, said Ildra.

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