Former Pepsi CEO Indra Nooyi Revealed She Never Asked For A Raise, Here's How People Reacted
Indra Nooyi, Pepsi's CEO from 2006 to 2018, told NYT she finds asking for a raise "cringeworthy."
Former Pepsi Co. Chief Executive Officer Indra Nooyi, one of few women of colour to ever run a large public US company, said she¡¯s never asked for a raise because she finds it cringeworthy.
¡°I¡¯ve never, ever, ever asked for a raise," Nooyi said in an interview with the New York Times Magazine this week. ¡°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.¡±
Buisness Insider
Pepsi's chief executive between 2006 and 2018 even said that she even refused a raise the board offered her because she felt uncomfortable taking one during the financial crisis.
¡°I never asked my board to give me more money," Nooyi said in the New York Times interview. ¡°In fact, one year the board gave me a raise and I said, ¡®I don¡¯t want it.¡¯ They said, ¡®Why not?¡¯ It was right after a financial crisis, and I said, ¡®I don¡¯t want the raise.¡¯"
When asked whether Nooyi's refusal to ask for a raise was gendered, Nooyi said "it's just me." The executive explained that because she did not grow up with much money, she and her husband did not upgrade their house while she served as CEO.
While Nooyi may have her own reasons to say the following statement, people on the internet couldn't digest it. While many made fun of her, others just said she'd never know the importance of a raise for ordinary people considering she was a CEO.
she's right, we should just hope for a raise in complete silence lol
¡ª danny case (@danny_case1) October 6, 2021
The perfect example of how out of touch CEOs and rich people are from ordinary people.
¡ª Tilly (@Debroah45773487) October 6, 2021
Imagine not needing more money. Man, what a life that would be.
¡ª Gee Oh Arr Dee Oh En, man (@GoOnReadDune) October 6, 2021
I find it cringeworthy saying employees shouldn't ask for raises when companies constantly underpay them esp women who listen to this kind of advice and don't fight for fair pay
¡ª Sampat (@BaniaInvestor) October 7, 2021
It¡¯s easy to not ask for a raise when your a multi millionaire
¡ª max theodore koykas (@MaxKoykas) October 6, 2021
LMFAO please do not ever compare an average salary to an executive salary that includes bonuses signing bonuses and non register bonuses on the contracts plus stock options SMH
¡ª Frankie (@FrankieJeyLzo) October 6, 2021
Yeah thoughts and prayers. This is so condescending comment.
¡ª IvisDanilo (@IvisDanilo) October 6, 2021
sounds like just the kind of thing a person with the power to give out raises would say
¡ª ¡°predator is a prequel to commando¡± tom (@HELLA_GIRTH) October 6, 2021
If you think this way you are overpaid
¡ª Ivor McTin (@inyourmenchies) October 6, 2021
Only 31 women-run companies in the S&P 500, and that number was even smaller when Nooyi stepped down in 2018. The ones who do tend to make less. In her final year on the job, Nooyi didn¡¯t rank close to the top for executive pay at public companies in the U.S. ¡ª most women didn¡¯t.
That year, Oracle Corp.¡¯s Safra Catz was the highest-paid female CEO on Bloomberg¡¯s ranking of executive compensation, coming in at 33rd on the list.
In the early aughts, when Nooyi was still at Pepsi, a body of research suggested that women didn¡¯t negotiate their salaries as frequently as men, a potential contributor to the gender pay gap. Sheryl Sandberg¡¯s ¡°Lean In" famously told women to just ask and they¡¯d receive.
Since then, research from McKinsey & Co. and LeanIn.org found women were engaging in the process just as much as men. But, there was a catch: They were less likely to get them, which might explain their initial reticence.
Nooyi now sits on Amazon.com Inc.¡¯s board and recently published a memoir called ¡°My Life in Full."
Building, coordinating and crafting engaging content for lifestyle brand 'Evolve' at Indiatimes. Successfully revamping the lifestyle section including topics such as mental health, relationships, self, skin care, music etc. I collaborate with experts from various fields to gather insights and create well-structured pieces.
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