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An example of how much deferred compensation for a CEO at a major firm can amount to is the $1 billion the CEO of Coca-Cola earned in compensation and investment gains over a 17-year period. [121] [122] In addition, almost all of the tax due on the $1 billion was paid by Coca-Cola company [123] rather than the CEO.
Ahmet Muhtar Kent (born December 1, 1952) [1] is a Turkish-American business executive. He was the chairman and chief executive officer (CEO) of The Coca-Cola Company.He became CEO in 2008, and chairman in 2009, leaving those positions in 2016 and 2019 respectively.
He started his career at Coca-Cola Bottling Co. Consolidated as division sales manager and vice president in 1977. [4] [3] He was appointed to its board of directors in 1986, and served as its vice chairman from November 1987 to December 1996. [4]
He began at Coca-Cola's Atlanta, Georgia headquarters as manager of market planning; and after five years serving in various management positions, he was appointed vice president - 7-Eleven Account Team Worldwide in 1993; and vice president - Wal-Mart Global Account in 1995. During his tenure at Coca-Cola, he also served as Vice President of ...
Today, The Coca-Cola Africa Foundation is the largest regional foundation within Coca-Cola's global network with a focus on clean water, health education and entrepreneurship. Since 2001, it has granted more than $100 million (~$164 million in 2023) to support sustainable communities in Africa.
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In April 2017, Buffett (an avid Coca-Cola drinker and shareholder in the company) agreed to have his likeness placed on Cherry Coke products in China. Buffett was not compensated for this advertisement. [140] [141] Buffett is very distantly related to the 44th president of the United States, Barack Obama. [142]
Isdell was chairman (2004–2009) and chief executive officer (2004–2008) of Coca-Cola. While CEO of Coca-Cola in 2007, Isdell earned a total compensation of $21,648,740, which included a base salary of $1,612,500, a cash bonus of $6,649,500, stocks granted of $5,200,017, and options granted of $7,369,657. [3]
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