Concentrating wealth at Coke
Title: Coke paid executives hefty bonuses amid steep job cuts
Source: Associated Press
Date: March 4, 2004
From the article:
- "The Coca-Cola Co. paid $8.4 million in bonuses to its top six executives last year, the equivalent of about $2,300 for each of the 3,700 employees the world's largest beverage maker laid off during the same period, a federal filing shows.
The company also said the present value of retiring chief executive Doug Daft's restricted stock awards is $86 million, and it paid out millions last year to companies that some of its directors own or hold a major stake in."