News

US: Coca-Cola pays Daft bonus of $3.5 million

Most popular

Pernod Ricard in YTD fiscal-2021 - preview

The just-drinks Analyst returns - Apr '21

Heineken throws Q1 surprise - analysis

Remy Cointreau in fiscal-2021 - results preview

The just-drinks Analyst returns - Apr '20

MORE
Soft drinks giant, Coca-Cola has revealed that it paid chairman and chief executive, Douglas Daft, a bonus of $3.5 million last year. Daft's salary was frozen at $1.5 million.

The $3.5 million figure represents a $500,000 improvement on Daft's 2000 bonus but he could be in line to earn considerably more from a performance-based restricted stock award. He will receive $47.9 million in restricted stock if Coca-Cola records annual growth of 16% in earnings per share through to 2005. Daft, 58, will receive half of the award if the company shows EPS growth of 11% and a further $29.1 million in restricted shares if he remains chairman until 2005.

Steven Heyer, who heads up marketing and new ventures, received $643,333 in salary and a $1.56 million bonus, while vice-chairman and chief operating officer, Brian Dyson, received a salary of $416,667 and a bonus of $875,000.


Related Content

Oxford Artisan Distillery's Oxford Rye Whisky Batch #1 - Product Launch

Oxford Artisan Distillery's Oxford Rye Whisky Batch #1 - Product Launch...

Captain Morgan prepares for MLS season with 'Soccer Pick Em' push

Captain Morgan prepares for MLS season with 'Soccer Pick Em' push...

This week on just-drinks - Here's what we think

This week on just-drinks - Here's what we think...

Diageo expands Guinness Nitro Cold Brew Coffee Beer US footprint

Diageo expands Guinness Nitro Cold Brew Coffee Beer US footprint...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?