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Muhtar Kent

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  • 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...

  • Longtime Coke executive Donald Keough dies at 88 Tuesday, 24 Feb 2015 | 3:21 PM ET

    NEW YORK— Donald Keough, who helped steer Coca-Cola through the "cola wars" of the 1980 s and played a key role in the introduction of New Coke, died Tuesday in Atlanta, according to the company. During his tenure, however, Coca-Cola also introduced "New Coke" as it was fighting off efforts by PepsiCo to take market share. A song called "Coke Was It," mocking the company's "Coke...

  • 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

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

  • WASHINGTON, Sept 16- Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson& Johnson, unveiled a campaign on Tuesday to reduce the nation's healthcare costs, urging their peers to embrace wellness programs to improve employee health.

  • 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

    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

    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.