The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Coke's CEO makes roughly the same as a wachtell partner
Poast new message in this thread
Date: November 18th, 2005 6:30 PM Author: concupiscible fear-inspiring sound barrier yet he is pretty much the head guy of coke and wachtell has like what, 100 partners? (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326371) |
 |
Date: November 18th, 2005 6:32 PM Author: Emerald institution i'm sure the guy has stock worth $100 mil. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326381) |
|
Date: November 18th, 2005 6:51 PM Author: Irate Infuriating Step-uncle's House Roommate actually, about 12 million. he owns about 300k shares, according to this filing linked below, and they trade around 42.
http://finance.yahoo.com/q/ir?s=KO |
|
Date: November 18th, 2005 7:03 PM Author: Misanthropic indigo death wish psychic yes. executive salary isn't the reason why you want to be a top guy (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326690) |
|
Date: November 18th, 2005 7:07 PM Author: Smoky hunting ground business firm Yeah, and he probably has options to buy 1M more. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326737) |
|
Date: November 18th, 2005 6:32 PM Author: nubile private investor how many employees does coke actually have? they just license their shit out to bottlers who actually produce it. add up all the presidents of the various bottlers, and maybe you'll get to 200. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326389) |
|
Date: November 18th, 2005 6:35 PM Author: concupiscible fear-inspiring sound barrier I seriously doubt any of the presidents of the bottling companies make 7 figures. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326410) |
|
Date: November 18th, 2005 6:41 PM Author: nubile private investor i seriously doubt you know what the fuck you are talking about. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326482) |
|
Date: November 18th, 2005 6:42 PM Author: brass theatre He does this all the time.
He talks out of his ass when he doesn't know shit from shitola.
|
|
Date: June 11th, 2006 7:55 AM Author: Walnut frozen striped hyena church building How much do owners of bottlers (as opposed to "presidents") make? I bet they do ok. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958111) |
|
Date: June 11th, 2006 10:13 AM Author: self-absorbed mad cow disease love of her life I'm pretty sure they do very well. Some of the bottling companies must essentially be mid-sized corporations. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958192) |
|
Date: June 11th, 2006 12:01 PM Author: Razzle-dazzle kink-friendly genital piercing Are you 12 years old? You are a friggin moron. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958470) |
|
Date: June 11th, 2006 12:04 PM Author: Floppy french area Dude, I know a bottling company middle manager that makes 80. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958481) |
|
Date: June 24th, 2006 4:34 PM Author: titillating space Whoa. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#6061573) |
|
Date: March 18th, 2007 10:58 PM Author: Stubborn lime pervert scourge upon the earth LMFAO (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#7776979) |
|
Date: November 18th, 2005 6:33 PM Author: supple vermilion nibblets Wachtell has ~190 lawyers, total, and obviously partners have no stock options. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326397) |
|
Date: November 18th, 2005 6:39 PM Author: brass theatre This is Nasc, right?
Yeah, you're a fucking moron, dude. |
|
Date: November 18th, 2005 6:40 PM Author: concupiscible fear-inspiring sound barrier coke's ceo = 3.7 million
|
|
Date: November 18th, 2005 7:04 PM Author: Misanthropic indigo death wish psychic stock options are nice, and often not included as compensation until they are exercised (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326700) |
|
Date: June 11th, 2006 3:39 PM Author: Excitant Orchid Spot Water Buffalo Nasc is coke's CEO? (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5959500) |
Date: November 18th, 2005 6:38 PM Author: Idiotic Bonkers Hominid You're an idiot. As others have mentioned, most executives make most of their compensation through stock otpions. How many times do you hear of executives do the $1 dollar a year salary or $100,000............then they walk away with $40 million in sales of company stock. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326445) |
|
Date: November 18th, 2005 6:41 PM Author: concupiscible fear-inspiring sound barrier I'm aware that they get stock options. That wasn't the point. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326475) |
|
Date: November 18th, 2005 6:41 PM Author: brass theatre The "point" was a fucking dumb one. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326479) |
|
Date: November 18th, 2005 6:48 PM Author: concupiscible fear-inspiring sound barrier the point is that one of the most powerful CEO's in the country makes about the same in base salary + bonus as a wachtell partner and even when you consider stock options he makes double.
He's the only CEO of coke, while Wachtell has 80 or so partners. |
|
Date: November 18th, 2005 6:49 PM Author: nubile private investor Coke is a powerful brand. that doesn't make it a powerful company. stupid fuck. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326539) |
|
Date: November 18th, 2005 6:50 PM Author: concupiscible fear-inspiring sound barrier you think coke isn't a powerful company? (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326546) |
|
Date: November 18th, 2005 6:54 PM Author: nubile private investor how do you define power? they are basically a nonexistent force in washington. powerful companies are commodity companies that supply your food, energy companies that supply your energy, wal-mart companies that supply your cheap shit from china, and bank "companies" that provide the capital. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326580) |
|
Date: November 18th, 2005 6:56 PM Author: concupiscible fear-inspiring sound barrier then I'm confused why you brought this definition of power into this discussion. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326606) |
|
Date: November 18th, 2005 6:57 PM Author: nubile private investor what's your definition of power??????????????????????
(I can't wait for you to PWN yourself - in terms of size isn't Coke basically a non-player? are they even fortune 50? i could be wrong, but i'm sure you must have the answer)
|
|
Date: November 18th, 2005 7:00 PM Author: concupiscible fear-inspiring sound barrier in terms of the discussion above I was using the money = power definition, which should have been clear from context. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326653) |
|
Date: November 18th, 2005 7:02 PM Author: nubile private investor AGAIN - does coke make that much money compared to most big businesses with that level of brand recognition? it has a powerful brand, i admit that. what is their fortune ranking?
you are positively retarded. |
|
Date: November 18th, 2005 7:08 PM Author: concupiscible fear-inspiring sound barrier I'm not sure what you mean by "does coke make that much money compared to most big businesses with that level of brand recognition?"
But they are one of the 100 largest businesses (in terms of worth) in the united states. |
|
Date: November 18th, 2005 7:08 PM Author: nubile private investor NO THEY ARE NOT. Fortune only ranks public companies dumbfuck. you need to add in the list of largest private companies. that pushes coke outside the top 100. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326755) |
|
Date: November 18th, 2005 7:11 PM Author: concupiscible fear-inspiring sound barrier so how many private companies are worth more than coke? (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326789) |
|
Date: November 18th, 2005 7:12 PM Author: nubile private investor easily 10. oooops. there goes coke. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326796) |
|
Date: November 18th, 2005 7:13 PM Author: concupiscible fear-inspiring sound barrier okay then they are one of the 200 largest companies. That's not a very important point. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326813) |
|
Date: November 18th, 2005 7:15 PM Author: nubile private investor sure it is. choose a better example. that's just fucking random, choosing some company which has one of the top brands in the world, to rank against some law firm. why don't you compare the CEO or partner of one of the big consulting firms to a partner at Wachtell. Then you're talking.
damn you're stupid. |
|
Date: November 18th, 2005 7:18 PM Author: concupiscible fear-inspiring sound barrier That's all the thread was supposed to be. Comparing a random CEO to a law partner.
It was also supposed to get a rise out of joires. |
|
Date: June 11th, 2006 3:38 PM Author: Shivering clown boiling water Subject: misguided janitor (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5959494) |
|
Date: June 11th, 2006 8:04 AM Author: Hairraiser Elite Macaca Locus I would love to see 50 American companies with market caps greater than Coke's $103B. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958115) |
|
Date: June 24th, 2006 4:38 PM Author: titillating space IT'S OFFICIAL. Under Cover Gunner is an idiot.
"you need to add in the list of largest private companies. that pushes coke outside the top 100."
The biggest private companies are f'in accounting firms. Are you seriously that stupid?
I mean, seriously.
Sigh. |
|
Date: November 18th, 2005 7:05 PM Author: Laughsome coldplay fan They are Fortune 100 as of a few years ago. (91 specifically)
http://www.usatoday.com/money/companies/2004-03-22-fortune-500-list_x.htm |
|
Date: November 18th, 2005 7:06 PM Author: nubile private investor whoopedido. that means they're a fraction of the size of even the top 20 PRIVATE companies. which means in terms of actual size they are well below top 100 (fortune lists only public companies).
GEE, COKE IS A GREAT BENCHMARK! |
|
Date: June 11th, 2006 8:06 AM Author: Hairraiser Elite Macaca Locus Revenue is among the dumbest ways to rank company sizes. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958117) |
|
Date: June 11th, 2006 5:27 PM Author: Aquamarine community account Umm...Coke basically built Atlanta the same way that Carnegie's steel built Pittsburgh.
Being largely responsible for a major U.S. city's existence = power. |
|
Date: June 11th, 2006 11:43 AM Author: Adulterous mother They also have very lucrative defined benefit pension plans. The formula is based on years of service plus an average of the exec's highest salary years. These plans can pay executives upwards of 7 figures a year FOR LIFE after they retire. Not bad....and they don't have to contribute a dime of their own cash to the plans. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958383) |
|
Date: November 18th, 2005 6:39 PM Author: Emerald institution looking it up i see in 2003 he got a "restricted stock award" in the amount of $47,880,000. not much since.
i'm not sure what that is but sounds like a lot of it. |
|
Date: November 18th, 2005 6:40 PM Author: Startled sapphire therapy Forget that, Jeff Bezos doesn't even make as much a first year associate.
http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=221428 |
|
Date: November 18th, 2005 6:41 PM Author: brass theatre LOL he's so poor OMG LOL |
|
Date: November 18th, 2005 6:41 PM Author: Idiotic Bonkers Hominid From Forbes......
The CEO of Coke got $4,000,000 in compensation. And he owns $14 million worth of stock.
http://www.forbes.com/static/execpay2005/company_101.html?passListId=12&passYear=2005&passListType=Person&searchParameter1=unset&searchParameter2=unset&resultsHowMany=25&resultsSortProperties=%252Bstringfield10%252C%252Bnumberfield1&resultsSortCategoryName=Company&fromColumnClick=&bktDisplayField=stringfield2&bktDisplayFieldLength=2&category1=category&category2=category&passKeyword=&resultsStart=101 |
|
Date: November 18th, 2005 6:45 PM Author: concupiscible fear-inspiring sound barrier yeah, according to that article on him, he makes 5.8 million per year INCLUDING stock uptions. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326510) |
|
Date: November 18th, 2005 6:50 PM Author: Idiotic Bonkers Hominid The CEO of Pepsi made a whopping $53 million!!!!!!!!!!!
http://www.forbes.com/static/execpay2005/company_351.html?passListId=12&passYear=2005&passListType=Person&searchParameter1=unset&searchParameter2=unset&resultsHowMany=25&resultsSortProperties=%252Bstringfield10%252C%252Bnumberfield1&resultsSortCategoryName=Company&fromColumnClick=&bktDisplayField=stringfield2&bktDisplayFieldLength=2&category1=category&category2=category&passKeyword=&resultsStart=351 |
|
Date: November 18th, 2005 6:50 PM Author: concupiscible fear-inspiring sound barrier and? (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326549) |
|
Date: November 18th, 2005 6:52 PM Author: concupiscible fear-inspiring sound barrier actually you don't know how to read. He made 13.8 mill. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326568) |
|
Date: November 18th, 2005 6:51 PM Author: Laughsome coldplay fan He'll probably get an enormous compensation package and pension when he retires. Face it, CEOs of Fortune 50 companies make 3-20 times what highly compensated corporate law partners make. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326554) |
|
Date: November 18th, 2005 6:55 PM Author: concupiscible fear-inspiring sound barrier I'm not denying that fact.
But I think the difference often gets exaggerated on here.
Also its easier to make partner than it is CEO of a fortune 50 company and you are a partner for a lot longer.
|
|
Date: November 18th, 2005 7:00 PM Author: brass theatre Okay, but that's for places like Wachtell.
You hvae no shot whatsoever of working there.
HTH. |
|
Date: November 18th, 2005 7:01 PM Author: concupiscible fear-inspiring sound barrier The thing is that I don't really care. You will slit your wrists when you realize you'll never make over 5 figures. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326662) |
|
Date: November 18th, 2005 7:02 PM Author: brass theatre Then why are you posting on this stupid fucking topic then, retard? (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326684) |
|
Date: November 18th, 2005 7:09 PM Author: concupiscible fear-inspiring sound barrier because of the constant MBA > JD flame that gets posted. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326765) |
|
Date: November 18th, 2005 7:11 PM Author: nubile private investor In that case you should look for TTT grads doing personal injury who rake in millions and millions on class actions. show how some cooley grad is PWNIng harvard MBAs (even so, i'm not sure what that proves? you clearly aren't much of a critical thinker). (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326787) |
|
Date: November 18th, 2005 7:12 PM Author: concupiscible fear-inspiring sound barrier those types of lawyers are more comparable to somebody like a money manager. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326805) |
|
Date: November 18th, 2005 7:13 PM Author: nubile private investor nothing like conclusionary statements. say, why don't you explain your reasoning. for once. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326811) |
|
Date: November 18th, 2005 7:15 PM Author: concupiscible fear-inspiring sound barrier money managers are more based on what they do on a personal level. Like PI lawyers.
Parterns are more based on what the firm does. Like CEOs. |
|
Date: November 18th, 2005 7:16 PM Author: nubile private investor ? why don't you compare partners at a major consulting firm to partners at wachtel. has it occurred to you THAT might be more relative. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326839) |
|
Date: November 18th, 2005 7:19 PM Author: concupiscible fear-inspiring sound barrier I was reading an article about Coke's CEO, that was what made me decide to make this thread. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326863) |
|
Date: November 18th, 2005 7:02 PM Author: Laughsome coldplay fan Obviously it's easier to become a partner, but the alternatives for someone climbing the corporate ladder, who fails to become a CEO, aren't that bad either. Any large corporation has a large number of corporate officers and many divisions, each witha vice president who makes decent money but probably a bit short of corporate law partner income. I think it's much easier to rise high in a big corporation than it is to to become a partner so you could make your argument the other way too. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326669) |
|
Date: November 18th, 2005 6:53 PM Author: Irate Infuriating Step-uncle's House Roommate speaking of employee numbers, did you guys know that Berkshire Hathaway, whose market value is 140 billion or so, way higher than Coke, has only about 17 employees???!!! amazing. WSJ reported this.
obviously, this does NOT include employees at the subsidiaries, like Geico, Dairy Queen, or Gen Re. i am talking about actual employees of the holding company. |
|
Date: November 18th, 2005 6:58 PM Author: Wine soul-stirring main people goal in life yeah bh is a fascinating company. i read warren buffet's biography at like 10 and i want to be a sick businessman like him. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326629) |
|
Date: November 18th, 2005 7:05 PM Author: Smoky hunting ground business firm What's so fucking amazing about this? A holding company is just a shell. The eployees are probably all directors. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326716) |
|
Date: November 18th, 2005 7:08 PM Author: well-lubricated mildly autistic location I think they're the people who carry Warren around in one of those thrones with handles. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326751) |
|
Date: November 18th, 2005 7:22 PM Author: Appetizing federal gunner university THATS SO AMAZING.
Idiot. |
|
Date: June 24th, 2006 4:43 PM Author: spectacular pistol 17, or almost 200,000, depending on how you look at it (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#6061654) |
|
Date: November 18th, 2005 7:03 PM Author: Smoky hunting ground business firm I can assure you that the CEO of Coca-Cola corp. makes at least 4-5x times what a Wachtell partner makes, if not more. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4326692) |
|
Date: November 18th, 2005 7:16 PM Author: concupiscible fear-inspiring sound barrier then do so.
Even counting his stock options he only made 5.8 million. |
|
Date: November 18th, 2005 7:53 PM Author: Brilliant galvanic partner ticket booth http://www2.coca-cola.com/investors/2005_coca-cola_proxy.pdf
Page 28. Can you say PwN3d? |
|
Date: November 18th, 2005 7:56 PM Author: Beady-eyed Massive Mad-dog Skullcap I wish I had gotten in on the ground floor of being surprised that Coke's CEO's accountant is a lot better than the ones the Wachtell guys use. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4327167) |
|
Date: June 11th, 2006 11:23 AM Author: Racy coral orchestra pit hissy fit nice (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958313) |
|
Date: November 18th, 2005 7:57 PM Author: mind-boggling elastic band In Soviet Russia, coke drinks you! (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#4327170) |
|
Date: June 11th, 2006 9:47 AM Author: bespoke dark blood rage I'm relatively sure that most Wachtell partners would take an offer to be CEO of Coke in a heartbeat. The difference in overall compensation is simply too large, and to cite compensation numbers that don't include stock options and exit/retirement package is ridiculous. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958172) |
|
Date: June 11th, 2006 3:38 PM Author: Yellow Dilemma You do realize that stock options only have value if the stock increases in value over the exercise price, right? Otherwise they have no value whatsoever. This is especially relevant for a stock like Coke that has been relatively flat in recent history--I don't think stock options mean much for a company like this, unless they were issued many, many years ago. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5959496) |
|
Date: June 12th, 2006 1:11 AM Author: bespoke dark blood rage Yes, I know how stock options work and they're not quite as simple as you think. It's not uncommon for companies to use discounted stock options as a vehicle for executive compensation (there's a built-in profit for the exec so long as the price doesn't fall below the discounted price). Plus some of the compensation written into the exit contracts is for outright shares.
Stock options and share grants do give an executive a positive incentive to see the share price increase, but don't think for a second that a CEO is walking away empty handed, even if the stock doesn't rise. Coke actually provides a great example, with the hiring and firing of Doug Ivester a few years ago. He was ousted barely two years into the job and walked away with around $100 million, despite the fact that Coke shares fell during his tenure.
There are certainly valid reasons why one might find being a V1 partner preferable to being a Fortune 100 CEO, but compensation simply isn't one of them. |
|
Date: June 11th, 2006 9:56 AM Author: self-absorbed mad cow disease love of her life Besides teh fact he gets considerable stock options, I think most CEOs get huge compensation packages when they leave the company or retire. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958180) |
|
Date: June 11th, 2006 10:53 AM Author: concupiscible fear-inspiring sound barrier it was kind of strange to bump a random thread where I was flame baiting joires. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958257) |
|
Date: June 11th, 2006 10:54 AM Author: Walnut frozen striped hyena church building You're welcome. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5958259) |
|
Date: June 11th, 2006 11:00 AM Author: saffron submissive international law enforcement agency box office this ceo of coke is relatively new... like a second year partner. let's take a look at what the guy before him was getting.
http://www.responsiblewealth.org/shareholder/2003/Coca-Cola.html |
|
Date: June 11th, 2006 12:11 PM Author: Anal maniacal juggernaut Even if a CEO does make more, so what? Law partners generate every dollar they make. CEO's salaries are set by their friends on the board, and are often far greater than their contribution to the company.
You're comparing the salary of honest people to that of a drug kingpin. |
|
Date: June 11th, 2006 5:54 PM Author: haunting aphrodisiac hall stfu (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5960128) |
|
Date: June 11th, 2006 6:06 PM Author: Anal maniacal juggernaut you stfu douche (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5960186) |
|
Date: June 11th, 2006 6:08 PM Author: Big Roast Beef Laser Beams No, he's right. You were doing fine until: "You're comparing the salary of honest people to that of a drug kingpin."
STFU. |
|
Date: June 11th, 2006 11:15 PM Author: Narrow-minded School Cafeteria "and are often far greater than their contribution to the company."
getting a salary far greater than your contribution to the company = SWEET
|
|
Date: June 11th, 2006 11:29 PM Author: Cracking tanning salon antidepressant drug And Google CEOs have a salary of 1 dollar per year (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#5962990) |
|
Date: March 18th, 2007 10:57 PM Author: thriller fighting half-breed How did this thread even get going? Anyone who doesn't know enough to know that a Coke CEO job is better than a Wachtell partner job shouldn't be posting (given, of course, that a WLRK partner position is amazing, but really, you can't even compare it with a Fortune 100 CEO position). Seriously. Recent Coke CEOs have become billionaires from nothing (literally...CEO Goizueta came to the U.S. as a broke immigrant and became a billionaire exclusively through Coke compensation). Other CEOs at Coke and at other big companies have similar stories. Not to mention the perks of corporate jets, company-provided security, MASSIVE bonuses (regularly totaling tens of millions of dollars), and being the head of an international corporation (as opposed to one of many partners at a firm). Someone also mentioned stock options, without realizing that restricted stock (which has value even when the stock goes down) is often a crucial component of their compensation packages. Anyway this thread is amusing but it seems that at least a lot of other people who posted are more aware of reality.
One more thing: the reason Coke isn't in Fortune's top 10 is because it is SO large and powerful (in contrast with what some above people said) that it is broken up into the normal company (KO) and the bottling company (CCE), BOTH of which are Fortune 200 companies. So yeah...do your research (and in case you were wondering, the CCE CEO also makes a shitload more than a Wachtell partner). |
|
Date: March 18th, 2007 11:00 PM Author: Stubborn lime pervert scourge upon the earth Not to mention the golden parachutes, the SWeetest part of the deal. (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#7776989) |
|
Date: March 18th, 2007 11:16 PM Author: mauve market FAGGOT ALERT (http://www.autoadmit.com/thread.php?thread_id=301384&forum_id=2#7777069) |