- The Associated Press reports that Coca-Cola Co. Chairman and CEO Muhtar Kent received $21.6 million in compensation from his company in 2012.
- A 15% increase in Kent's salary was the primary contributing factor to an overall increase from $21.2 million that Coca-Cola paid Kent in 2011.
- The company reported in a regulatory filing that its global sales volume increased 4% last year as it brought in $9.02 billion in profit.
From the article:
"... Kent, 60, took the helm as Coca-Cola's top executive in 2008. About a year later, he unveiled a plan to double the company's revenue by 2020, fueled by growth in China, India and other countries where the ranks of middle-class people are growing. At the time, Kent noted that Coca-Cola had to pay attention and react to changes in the world, which he said it hadn't done from 2000 to 2004. ..."