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Muhtar Kent

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  • March 12- Coca-Cola Co said on Thursday its chief executive declined a $2.5 million bonus in 2014 while other top-level employees received lower-than-expected compensation as the world's largest soda maker struggles to boost revenues amid sluggish demand for soft drinks. While Chief Executive Officer Muhtar Kent's total compensation, which includes...

  • UPDATE 1-Coke CEO compensation rose 23 pct last year Thursday, 12 Mar 2015 | 11:47 AM ET

    March 12- Coca-Cola Co said its chief executive earned $25.2 million in total compensation in 2014, about 23 percent higher than the previous year, while declining a bonus as the company implements a new cost-cutting plan and tries to boost growth. The company said in October it had adopted new guidelines limiting its executive pay plan for this year, after its...

  • Coke CEO took 23 pct higher compensation last year Thursday, 12 Mar 2015 | 11:12 AM ET

    March 12- Coca-Cola Co said Chief Executive Muhtar Kent earned $25.2 million in compensation in 2014, about 23 percent higher than the previous year. The company said in October it had adopted new guidelines limiting its executive pay plan from this year, after its outsized employee share rewards were criticized by investors including Warren Buffett.

  • Former Coca-Cola executive Donald Keough dies Tuesday, 24 Feb 2015 | 3:46 PM ET

    Feb 24- Donald Keough, Coca-Cola Co's COO and president during the company's intense "cola war" days with PepsiCo Inc in the' 80 s, has died at the age of 88.. Keough, who came to Coke following the purchase of Duncan Foods in 1960, rose through the ranks and became president and chief operating officer in 1981.. Goizueta and Keough replaced the Coca-Cola formula for the...

  • Feb 10- Coca-Cola Co reported a better-than-expected profit as sales in North America, its biggest market, rose for the first time in four quarters, offsetting the impact of a stronger dollar on its overseas business. Coke's sales in North America have declined or remained flat for the last three quarters as U.S. consumers opt for healthier beverages and shift...

  • Dec 23- Coca-Cola Co plans to cut 1,000-2,000 jobs globally in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The impact is expected to be significant at Coke's headquarters in Atlanta and global regional offices, where more than 10 percent of corporate staff could lose their jobs, according to the report.

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced." "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. This year alone, Coca-Cola spent $3.5 billion in buying minority stakes in beverage companies Monster...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced." "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. Following criticism from Warren Buffett and other investors for its outsized employee share rewards,...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced". "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. His blunders on failed acquisitions alone have cost shareholders $16.3 billion, "Wintergreen said in a...

  • BEIJING, Nov 12- U.S. companies, which have led Western investment in China over the last 35 years, are scaling back their expectations and business plans in the face of slowing growth, heightened competition and increased regulatory scrutiny from Beijing. The USCBC estimates U.S. business in China is worth about $350 billion a year, a figure that includes exports,...

  • Oct 21- Coca-Cola Co on Tuesday announced new cost-cutting measures and a timeline for selling its bottling operations after its quarterly profit slumped 14 percent and the world's largest beverage maker struggles to find growth amid a soft market for soda. Coke also said that it was targeting $3 billion in cost savings by 2019, up from its announcement in...

  • Coca-Cola reports revenue miss   Tuesday, 21 Oct 2014 | 7:45 AM ET
    Coca-Cola reports revenue miss

    John Faucher, JPMorgan beverage analyst, breaks down the company's quarterly numbers and shares his thoughts on the Coke's plans to cut costs.

  • Beware of drinking Coca-Cola's Kool-Aid Tuesday, 15 Apr 2014 | 1:57 PM ET
    An electronic billboard advertising Coca-Cola in Medford, Massachusetts

    Coca-Cola showed a slight improvement in soda sales trends in the first quarter. But it a real turnaround may be a ways off.

  • Coke corporate shakeup reveals possible successor Friday, 13 Dec 2013 | 3:47 PM ET
    J. Alexander M. "Sandy" Douglas Jr.

    The departure of a possible Coca-Cola chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.

  • 7 reasons why the market is topping: Doug Kass Wednesday, 17 Jul 2013 | 8:05 AM ET
    Douglas Kass at the Reach poker tournament in New York.

    Doug Kass says the market is currently making a top. Here are his seven reasons why.

  • Coca-Cola's profit up even as sales disappoint Tuesday, 16 Oct 2012 | 11:09 AM ET

    NEW YORK-- The Coca-Cola Co. has a formula for growth in the volatile economic climate: sell more of its drinks in emerging markets and evolve its stable of products at home, where concerns over sugary drinks are intensifying.

  • Change the Tax Code, Level the Field: Coca-Cola CEO Thursday, 7 Jul 2011 | 1:57 PM ET
    cola_bottles_140.jpg

    The U.S. needs comprehensive tax reform "so that U.S. corporations, small, medium-size and large, can have a level playing field," Coca-Cola Chairman Muhtar Kent told CNBC Thursday.

  • Warren Buffett and Muhtar Kent   Thursday, 7 Jul 2011 | 8:35 AM ET
    Warren Buffett and Muhtar Kent

    The U.S. economy is better than it was 18 months ago but the recovery is still mixed, with Warren Buffett, Berkshire Hathaway chairman/CEO and Muhtar Kent, Coca-Cola chairman/CEO.