Is Coca-Cola CEO Muhtar Kent beating 3G Capital to the punch? As cost-cutting, productivity enhancing private equity hedge fund 3G Capital scours the U.S. for consumer packaged goods companies to acquire, Kent is announcing job cuts. Coca-Cola announces job cuts Coca-Cola today announced it will eliminate between 1,600 and 1,800 jobs and has begun notifying employees, according to a Wall Street Journal article. “We have committed that we will ensure fair, equitable and compassionate treatment of our people throughout the process,’’ the company was quoted as saying in a statement. The struggling Atlanta-based carbonated beverage marketer is facing slowing U.S. sales…
Coca-Cola Cuts Jobs But Not Executive Bonuses As 3G Capital Lurks
Mark Melin
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.
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