Tuesday, November 15, 2011

Coke - and are YOU one of the 99% ?

Seventeen hours in... the halfway mark.

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:


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.

Seriously????  Coke couldn't make a better effort?  Coincidentally, many of the OCCUPY ______ (insert city name) camps are currently being evicted by the city mayors.  Many of the occupiers are there to protest the inordinate amount of wealth being accumulated in a very few number of pants pockets.  If I were a whole lot of years younger I might be joining the protesters.  Although I would need someone to tell me how to live in a tent and poop behind a tree.  As I have posted before, this kind of annual income by ANYONE is obscene.  There is no one person on earth who works so hard that they are entitled to a paycheque of $_extreme_ millions of dollars.  Oy.  I hope I didn't spoil your lunch, which may have been (like mine) leftovers.

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.  

1 comment:

  1. 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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