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"We have updated the annual incentive scheme program in order to prove the company's attention to the convergence of the maximum and minimum payments [to employees]. Reflecting the fact that 2015 was a transition for the company, we have reduced the number and size of the long-term incentive payments ", - said head of Coca-Cola’s Compensation Committee Mel Lagomasino.
The amount of bonuses paid to Kent in Coca-Cola shares declined the most severely in 2015. The size of these payments amounted to a total of about $ 7.7 million, that is more than two times less than it was a year earlier ($ 15.8 million). At the same time, the wage of Coca-Cola’s head has not changed and amounted to $ 1.6 million.
At the end of 2015, Coca-Cola’s revenue declined by 4%, amounting to about $ 44.3 billion versus $ 46 billion a year earlier. At the same time, the company's net profit increased by the same 4%, to $ 7.351 billion.
source: bloomberg.com
The amount of bonuses paid to Kent in Coca-Cola shares declined the most severely in 2015. The size of these payments amounted to a total of about $ 7.7 million, that is more than two times less than it was a year earlier ($ 15.8 million). At the same time, the wage of Coca-Cola’s head has not changed and amounted to $ 1.6 million.
At the end of 2015, Coca-Cola’s revenue declined by 4%, amounting to about $ 44.3 billion versus $ 46 billion a year earlier. At the same time, the company's net profit increased by the same 4%, to $ 7.351 billion.
source: bloomberg.com
