Campaign to Stop Killer Coke | Coca-Cola's Top Executives

Muhtar Kent
Chairman of the Board and Chief Executive Officer
The Coca-Cola Company

Bilderberg Group, Attendee
US-China Business Council, Chairman

Compensation:

2010 — $24,782,017
2009 — $18,813,013
2008 — $22,421,347

Muhtar Kent followed in the footsteps of previous Board Chairman and CEO E. Neville Isdell by lying to shareholders present at the April 2010 annual meeting and many others watching the meeting on a webcast.

Kent responded to a question raised by Campaign Director Ray Rogers by first stating that Rogers's accusations are "unfounded." He added that the accusations have "no merit" and that there was no truth to the issues raised regarding Latin America.

However, Kent has been taken to task by several reporters in Mexico because there is an outstanding lawsuit by a former 16-year employee and top marketing executive of The Coca-Cola Co. The plaintiff, Angel Alvarado Agüero, alleges that the company pressured him to act illegally to destroy all competition at the 700,000 mom and pop stores in Mexico. When he refused, he was forcibly and unjustifiably dismissed and denied substantial compensation owed to him. In the past, Coke had been fined millions of dollars for engaging in similar monopolistic activity in Mexico.

But even worse, this case highlights how The Coca-Cola Company and its wholly owned subsidiary, The Coca-Cola Export Corp., conspired to illegally cheat Mexican workers out of hundreds of millions of dollars in pay and profit sharing and the Mexican government out of millions in tax revenues.

In addition, Kent stated that all court cases have been dismissed, yet there is an outstanding case that was filed in the State Supreme Court of New York on February 25, 2010, accusing Coke and its operations in Guatemala of murder, rape and attempted murder directed at union leaders and family members.

And, of course, human rights abuses continue to pile up in places like Colombia and China.

Coca Cola como San Pedro (En Español)
Por: ALBERTO BARRANCO
http://simulacionoutsourcing.wordpress.com/editoriales

Muhtar Kent and Insider Stock Trading:

It should be noted that Kent was implicated in an insider trading scandal. According to TheStreet.com (1/20/06):

"It seems that in the fall of 1996, as a managing director of Coca-Cola Amatil-Europe, Kent sold short 100,000 shares of the bottler — just before a profit warning clipped the stock. Kent said back then that he believed the sale was legal and that he hadn't been influenced by any information about Amatil's results.

"Australian regulators didn't see it that way. So the next year, Kent settled an insider trading complaint with the Australian Securities Commission. Without admitting wrongdoing, Kent agreed to repay about $400,000 in profit from the transaction, plus $50,000 to help cover the cost of the investigation.

"Kent resigned from Amatil in September 1997. "He thought it was in his and the company's best interests," his spokesman told Sydney's Daily Telegraph at the time...

"'This was neither an insider issue nor were any company rules violated,' a Coke spokesman told The Wall Street Journal. 'It basically was a situation where Muhtar was provided with incorrect financial advice. When he discovered it was incorrect he moved immediately to remedy the situation.'

"You aren't alone if you find that explanation a little flat."

Ahmet C. Bozer
President
Eurasia and Africa Group
The Coca-Cola Company

Compensation:

2010 — $6,394,607

Alexander B. Cummings
Chief Administrative Officer
Executive Vice President
The Coca-Cola Company

Compensation:

2009 — $8,178,662
2008 — $8,040,998

Coca-Cola Hellenic Bottling Company SA, Director
Coca-Cola Bottling Co. Consolidated, Director
Clark Atlanta University, Trustee
U.S.-Egypt Business Council, Director

J. Alexander M. Douglas, Jr.
President
North America Group
The Coca-Cola Company

Compensation:

2010 — $7,100,257

Gary P. Fayard
Chief Financial Officer
Executive Vice President
The Coca-Cola Company

Compensation:

2010 — $8,268,766
2009 — $5,755,536
2008 — $7,123,004

Coca-Cola FEMSA, Director
University of Alabama Board of Visitors
University of Alabama President's Cabinet

Fayard was also a director of Colombian bottler Panamco prior to Panamco's merger with Coca-Cola FEMSA. Fayard, until recently, was a director of Coca-Cola Enterprises, as well. Prior to joining the Company, Fayard served 19 years with Ernst & Young, concluding his service there as a partner, area director of audit services, and area director of manufacturing services. Ernst & Young are now Coca-Cola's "independent" auditors.

Irial Finan
President, Bottling Investments and Supply Chain
Executive Vice President
The Coca-Cola Company

Compensation:

2009 — $8,951,963
2008 — $6,342,026
2007 — $6,126,780

Coca Cola Enterprises, Director
Coca-Cola FEMSA SA de CV, Director
Coca-Cola Hellenic Bottling Company SA, Director
Eircom Group plc, Director
Galway University Foundation, Director

For his role as a board member of Coca-Cola Enterprises, he received $180,485 in 2009.