Coca-Cola To Slash Jobs, But Keep Controversial Enhanced Executive Compensation Package

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Mark Melin
Published on
Updated on

Coke CEO Muhtar Kent might feel just a little bit like dethroned baseball hero Mark McGwire. As reports say the company could shed 1,000 to 2,000 jobs amid sagging financial results, and following the heels of a bruising executive compensation battle, Kent likely looks longingly for when he first started at Coke. Like Mark McGwire’s playing career in his prime, Kent was greeted to nothing but early cheers as he engaged in a battle to set a new home run record at Coke.  Muhtar Kent career at Coca-Cola Kent, after all, started his career with nothing but success. He started by…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.