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Muhtar Kent

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  • 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.

  • Coca-Cola outlook for 2015 is short of target Monday, 15 Dec 2014 | 6:45 PM ET

    The Atlanta- based company, which also makes Sprite, Powerade and Vitaminwater, has been struggling with declining soda consumption in the U.S. and other parts of the world. Coca-Cola has said it plans to slash costs by $3 billion a year to boost its performance, with much of the savings being reinvested into marketing. The world's largest beverage maker also said...

  • 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.

  • NEW YORK, Aug 14- Coca-Cola Co said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp as the world's largest soda maker seeks to expand into faster-growing categories such as energy drinks.

  • July 22- Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda. But Coke reported lower-than-expected quarterly revenue as sales volume in North America, its biggest market, was flat partly because of a decline in diet Coke sales.

  • 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.