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Ex-PepsiCo CEO Indra Nooyi Worked Midnight as Receptionist to Pay her Yale Degree

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—And because of it, ‘respect went up’ she says

Indra Nooyi’s path to the C-suite started with overnight shifts as a college dorm receptionist—but it was her work ethic that earned her classmates’ respect.

When former PepsiCo CEO Indra Nooyi arrived in the U.S. in the late 1970s to study graduate-level management at Yale University, she was a self-described “misfit” from India. Instead of adjusting to the rhythms of college nightlife, Nooyi was working the midnight-to-5 a.m. shift as a dormitory receptionist before heading to class each morning to pay for her degree.

“We worked our tail off because to us, we didn’t come there for the social life—we came there to study and to work hard and to move ahead,”

Nooyi recalled in a recent interview with former U.S. Secretary of State Condoleezza Rice, recalling the experiences of her and her fellow classmates from developing countries:

“So the goal we had was very, very clear: study, work hard, get great grades, and somehow land a job. That’s all the objective was at that time.”

Paying for an Ivy League degree wasn’t easy, either. At the time, annual tuition was equivalent to about $20,000 in today’s dollars (a far cry from the six-figure tuition costs of today), and her parents told her they couldn’t help her out financially. But eventually, that relentless work ethic inside and outside of the classroom paid off.

“When we got consulting jobs or investment banking jobs, people looked at us and said, ‘Hey, these are brainiacs,’” Nooyi said. “Respect just went up—purely because of the hard work and all the efforts we put in…People realized that this was a grueling experience for us, and they respected us for that.”

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Looking back, the overnight shifts and long hours were part of a larger belief as an immigrant: success wasn’t guaranteed in America, but opportunity was.
“I remember back in the old days people would say they thought the streets might be paved with gold. Maybe they weren’t paved with gold, but they were paved with the possibility of ambition,” she said.

Today, Nooyi has over a dozen honorary degrees—including from NYU, Duke, and Yale—and sits on the board of Amazon, Honeywell, and Philips. Her net worth is estimated to be over $300 million, according to Forbes.

Becoming a leader is like practicing for the Olympics, according to former PepsiCo CEO Indra Nooyi.
After graduating from Yale in 1980 with a degree in public and private management –a program that predates the school’s MBA -Nooyi began working her way up the corporate ladder. She worked in various management and strategy positions at companies like Johnson & Johnson, Boston Consulting Group, and Motorola before eventually landing at PepsiCo in 1994. By 2001, she was named chief financial officer, and by 2006, CEO.

At the time, women led only about 2% of Fortune 500 companies—and she faced an uphill battle against those questioning if she was up for the challenge.

But she largely proved her naysayers wrong. During her tenure, which lasted until 2018, sales grew 80%, and Nooyi was named the most powerful woman in business by Fortune five years in a row.

And despite her accomplishments, Nooyi said leadership wasn’t an innate gift, but a skill developed over decades of observation, practice, and experience:

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“Leadership requires you to have people wanting to follow you—wanting to follow you with passion, wanting to follow you until you fall off the edge of the earth.

“If you can evoke that kind of passion in people, then you’re a real leader.” she told Rice.

The journey climbing the ladder and becoming a respected manager is akin to training for elite competition, Nooyi added.

“It’s a lifelong process. “You have to watch, experience, practice, be put in situations where you have to follow leaders, and then you have to have people follow you.

“It’s literally like practicing for the Olympics or some sort of sport. Leaders are made through a very tough process, if you want to call it that, over many, many years.”

Nooyi’s advice for aspiring leaders is to study those already in the role—and note both their successes, failures, and the ways they react to both.

“Watch leaders. Follow them. Look at the mistakes they make and how they recover from them. Look at how they shape agendas and make people follow them wherever they go. Look at all their habits, then learn from that and see how you can become a leader too. Go for it.”

Like Nooyi, CEOs of Walmart and Nvidia got their start in humble entry-level jobs
Nooyi isn’t the only Fortune 500 CEO whose path to the corner office began with a modest paycheck. Long before leading some of the world’s largest companies, many executives worked entry-level jobs to help pay for school—experiences they now credit with shaping the way they lead.

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Former Walmart CEO Doug McMillon first joined the retailer as a teenager, unloading trucks at a distribution center during summer breaks. Later, while earning his MBA at the University of Tulsa, he returned to Walmart as an assistant manager.

“My first time with Walmart was just to make money during the summertime to help pay my way through school,” McMillon said during a 2017 interview at Duke University’s Fuqua School of Business. “And I didn’t mean to be there very long at all.”

Instead, he kept volunteering for new opportunities, steadily climbing the ranks while gaining firsthand knowledge of the business from the ground up. He became Walmart’s CEO in 2014, and passed on the reins to John Furner earlier this year.

Similarly, Jensen Huang spent his teenage years working at Denny’s as a dishwasher and busboy. Decades later, the Nvidia CEO still points to those jobs as reminders that no work is beneath a leader.

“No task is beneath me,” Huang told Stanford students in 2024. “I used to be a dishwasher. I used to clean toilets. I cleaned a lot of toilets. I’ve cleaned more toilets than all of you combined. And some of them you just can’t unsee.”

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Weah is Exactly What He Came to Preach Against at NBA Conference: A Dictator

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–Falana Tells NBA

By Son Tertseghs

Former Liberian President, George Weah, who addressed the NBA’s 66th Annual General Conference in Port Harcourt, Rivers State, on Sunday has been accused of capturing and undermining judicial independence in Liberia while serving as president.

Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, made the allegations, while criticising the Nigerian Bar Association leadership for inviting a man he referred to as a dictator to address NBA.

The senior lawyer made the remarks in a video posted on the NBA’s YouTube channel, following Weah’s keynote address at the Annual General Conference in Port Harcourt on Sunday. Falana declared:

“Ladies and gentlemen, I’m delighted to be here. But let me say this, because you know I have to be frank with the audience. And this goes for the leadership of the Bar. I want to appeal that the Bar Association must stop—stop inviting dictators in Africa to come and address us.”

He alleged that under Weah’s regime (2018–2024), the judiciary was captured to the point that Liberians sought legal redress outside the country at the ECOWAS Court. Falana continued:

“Mr. Weah, George Weah, who was here yesterday and was talking about the judiciary: in his country, his regime captured the judiciary to the extent that they had to contact some of us outside the country to get legal redress in the ECOWAS Court.”

He made reference to the case of Mandingo people against Liberia, whose landed properties were allegedly seized during the war.

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He said the ECOWAS Court ruled in their favour but alleged that Weah refused to comply with the judgment.

“The ECOWAS Court gave them judgment. George Weah refused to comply with the judgment. The new government of Boakai has just set up a committee for the enforcement of that judgment,” he added.

Falana also cited the case of an associate justice of the Supreme Court of Liberia who, he also alleged, was dismissed without basis. He pointed another of Weah’s ill deeds saying:

“Again, we went to the ECOWAS Court. The ECOWAS Court set aside his dismissal and awarded him $200,000. He was ordered to be reinstated. Mr. George Weah refused to comply with the judgment.”

He questioned the decision to invite Weah to address lawyers on democracy and the rule of law despite the allegations.

“Now, that is the man coming here to talk to us about the rule of law and democracy,” Falana said.

The prominent lawyer did not end there. He further accused Weah’s administration of allowing drug trafficking to flourish in Liberia.

“He ruled Liberia between 2018 and 2024. During his time, drug barons took over the country. Just on the 19th of August, his Vice President, Madam Edith, was arrested… on the 19th of August. She’s currently standing trial for drug trafficking to the tune of $370 million in that poor country.

“So when you now have such a character… You know, during the last World Cup in Qatar, his son, Timothee, was playing for the United States of America, not for Liberia.

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“This man left his country for nine days, took the money of that country to go and cheer his son in Qatar. So please, next time you want to invite African leaders, there are some of them that require inviting.”

Falana noted the president, vice president and speaker of Namibia, who are all female, and in Nigeria, late former premier of Western Nigeria, Obafemi Awolowo, as worthy of invitation.

Weah, while delivering the keynote address at the conference, charged lawyers to, as their duty, defend the the court because doing so is defending democracy itself.

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NANS Disagrees With Atiku’s Fuel Subsidy Rhetoric, says Subsidy Would Bring Economic Disaster

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By Son Tertsegha

The former Vice President Atiku Abubakar’s campaign promise to restore fuel subsidy if elected President, has been opposed by National Association of Nigerian Students, NANS.

NANS President Comr. Akinteye Babatunde Afeez in a statement on Wednesday, argued that returning to the subsidy regime without addressing the structural weaknesses that made it unsustainable would amount to reversing a difficult but necessary economic reform.

Afeez said while subsidy removal had imposed severe hardship on Nigerians through increased fuel, transportation and food prices, the policy had also created fiscal space for government and eliminated what he described as a major distortion in the economy.

According to him, the critical question Nigerians should ask is whether the trillions of naira previously committed to subsidising petrol could have been better deployed to address the country’s infrastructure, healthcare, education and other pressing development needs.

He said: “Every sane and patriotic citizen who is conversant with our nation’s economy will agree with me that the removal of the fuel subsidy was a difficult but necessary economic reform aimed at ending an increasingly unsustainable system that consumed trillions of naira, benefited higher fuel consumers disproportionately, encouraged smuggling, and constrained the government’s ability to invest in critical sectors.”

The NANS president, however, acknowledged the hardship caused by the reform, stressing that the real test of subsidy removal was not merely the savings accruing to government but how effectively the freed resources were deployed to improve citizens’ welfare.

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He said government must ensure that the sacrifices made by Nigerians translate into tangible improvements in education, healthcare, infrastructure, agriculture and other critical sectors.

Afeez maintained that any proposal to restore subsidy without a clear plan for resolving the structural problems that undermined the policy in the first place could only recreate the same crisis.

“This is why calls or promises for the outright return of subsidy, without a clear structural framework for addressing the fundamental weaknesses that made the policy unsustainable in the first place, amount to little more than a political response to a genuine economic challenge.”

NANS urged Nigerians not to allow the immediate pain of economic reforms to undermine the need for long-term restructuring, insisting that political aspirants must present sustainable policies capable of transforming the economy rather than offering short-term relief.

The students’ body also challenged presidential aspirants to come to national debates with concrete economic blueprints that would not merely provide temporary comfort but establish a sustainable foundation for national development.

Afeez said his opposition to Atiku’s proposal was not partisan, stressing that NANS had a responsibility to scrutinise government policies and political promises in the national interest.

He added that the country could not afford to return to a system in which huge public resources were devoted to fuel subsidy while many states struggled to meet their financial obligations and critical infrastructure remained inadequate.

He therefore urged Atiku to reconsider his position.

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Olukoyede Promises Whistleblowers 5 % on Recovered Stolen Assets 

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Whistleblowers across the world have been called to offer useful and actionable intelligence to the Economic and Financial Crimes Commission, EFCC, on monetary and non-monetary assets stashed abroad by corrupt Nigerians for incentives.

The Executive Chairman of the Economic and Financial Crimes Commission,  Mr. Ola Olukoyede, made this call on Wednesday, August 26, 2026  while delivering a lecture at the Cambridge International Symposium on Economic Crime in the United Kingdom. 

According to him,  any whistleblower that is privy to where Nigerian assets are kept abroad  could come forward to assist the country in recovering them.  

This initiative,  he said,  would come with juicy rewards. In his words:

“I welcome all of you to the world of whistleblowing. If any one of you is privy to where Nigerian assets are stolen or taken to anywhere in the world, we have an incentive for you; between 2.5% and 5%, it’s going to go back to you upon recovery. That is an incentive we have put in place to encourage people to come forward to give information about stolen assets. You never tell if you give any information here, some of you may leave this place, multi-millionaire in your lifetime.”

 The EFCC’s boss, who drew rapturous applause from the crowd,  pointed out that in less than three years of assuming office as head of Nigerian foremost anti-graft agency, the Commission has recovered more than half a billion dollars  for the Nigerian government.  

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“Within three years of my assumption of office, we’ve been able to forfeit both cash and assets worth over half a billion dollars to the government,” he said.

 The recovery of the assets,  he said,  could be linked to the resourcefulness and professionalism of EFCC’s investigators,  virile judiciary and access to credible intelligence.   He linked the non-conviction-based asset forfeiture approach in Nigeria to what is obtainable in Australia and Canada.  The framework, he explained,  allowed the Commission to seek forfeiture of assets suspected to be proceeds of crime without waiting for a criminal conviction.

“We have similar to what is obtainable in Australia and Canada that empowers us to apply the forfeiture to proceeds of what is suspected to be proceeds of crime,” he said.  Through the  approach  the anti-graft czar told his audience that  an aircraft,  a university, estates  and houses suspected to be proceeds of crime had been forfeited to the government. 

 He particularly mentioned the 752 housing units recovered from a former governor of the Central Bank of Nigeria, CBN,  Godwin Emefiele and the investigations of a former Attorney General and Minister of Justice,  Abubakar Malami,  SAN,  which yielded the forfeiture of 48 out of the 57  houses suspected to be proceeds of corrupt practices. 

“Sometimes last year, I opened investigations upon reasonable suspicion of criminal abuse of office by the immediate past attorney-general of Nigeria.   We discovered that within eight years of his being in office, we were able to trace about 57 such properties to him. We’ve been able to forfeit about 48”, he said. 

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The 43rd International symposium on economic crime holding in Cambridge is an annual event bringing together  anti-corruption experts from across the world.  Olukoyede’s presentation came on the third day of the weeklong event.

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