Last night we went to the movies to see Tower Heist. It was a fun movie - with Eddie Murphy and Matthew Broderick. And you know how there are commercials now before the movie starts? Well, the COKE commercial just made me snort with derision. It's about saving the Polar Bears. The focus is on Coke's commitment to donate $2 million over 5 years. Um, excuse me? A whole $400,000 per year? Below is the annual compensation for the CEO of Coke.
from Wikipedia:
Compensation
While CEO of Coca-Cola in 2008, Muhtar Kent's earnings totalled
$19,628,585, which included a base salary of $1,100,000, a cash bonus of
$4,500,000, stocks granted of $2,999,975, and options granted of
$10,280,428.[3]
In 2010, Muhtar Kent made over $24.8 million, this included a base
salary of $1.2 million, annual cash bonus of $6.5 million and other
compensation totaling $738,000.
If you are curious about the other executives, here is a link to compensation from 2007 to 2009.
Perhaps I should have taken the time away from work this morning to go to Zumba class, to burn off some of this pissed-offed-ness.
plus the charitable donation is a one time "gift" and the CEO makes four times that year after year after year. They are so tone deaf.
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