Coca-Cola paid CEO $21.6 million for 2012 - CBS46 News

Coca-Cola paid CEO $21.6 million for 2012

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NEW YORK (AP) -

Coca-Cola Co. gave Chairman and CEO Muhtar Kent a pay package worth $21.6 million last year, as the world's biggest beverage maker navigated shifting drinking habits in the U.S. and sold more of its drinks overseas.

The compensation is up from the $21.2 million Kent received in 2011, according to an Associated Press analysis.

The bump in pay was mostly the result of Kent's salary of $1.55 million, which was up 15 percent from the previous year. Stock and option awards were about even at $13.1 million.

All other compensation came to $963,816, which included use of the company plane, a car and driver, and contributions to retirement plans.

Copyright 2013 Associated Press.  All rights reserved.

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