Thursday, March 04, 2004

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."


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