Blog: Muhtar Kent and the US$21.6m price of leadership
Andy Morton | 1 March 2013
It was a good 2012 for Muhtar Kent, who was paid US$21.6m for his position at the helm of The Coca-Cola Co, according to AP today (1 March).
It was $400,000 more than he got the year before, AP said, mainly because of the increase in basic salary Coca-Cola furnished him with. Perhaps the company knows just how tough it must be to run a soft drinks company these days, with pressures over obesity issues increasing and sugar prices ruining margins.
For that sort of pay packet, though, I'm sure there's a few people out there who'd be willing to give it a go.
The Coca-Cola Co has had its fair share of critics this year, from health campaigners to investor David Winters, who this week called for CEO Muhtar Kent to be replaced....
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