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Coke chief paid $20.9M in compensation

By RobotGod     Mar 9, 2007 in Business
The chief executive of The Coca-Cola Co., Neville Isdell, was granted $20.9 million in total compensation last year as valued by the company, according to an analysis of a regulatory filing issued by the world's largest beverage maker Friday.
The Associated Press calculations of total compensation include salary, bonus, incentives, perks, any above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
It includes a $1.5 million salary, stock and option awards granted to Isdell last year which totaled $13.34 million and more. He is also reimbursed for using the company aircraft for travel, which is required for security purposes and he gets reimbursed for taxes when he uses it for personal use. They paid $172,298 in aircraft usage for Isdell and about $82,000 for a car and driver in 2006.
It doesn't end there. They also have a top notch security and monitoring system for Isdell, which includes monitoring equipment at his homes and company-paid security personnel. Coke spent almost $65,000 on security for Isdell total.
Well he certainly has a Coke and a smile. And you know that ALOT of that is going in his pocket. It is really obscene that they spend this amount of money on one man, while there are so many in this world who do without. I had no idea they spent so much on "security" for their top people. They must feel very secure in their wallet indeed.
It's like I am always saying, these top guys account for almost all of a companies money, while they lay people off and cry that they they are losing money.
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