Coke Links Directors' Pay to Profits

07 April 2006

   ATLANTA - The soft-drinks titan has overhauled its non-executive directors' compensation and says it will only pay them if the business achieves financial targets.
   The Coca-Cola Company will give directors share grants each year equal to $175,000 (€142k; £99k), to be payable in cash after three years - provided earnings per share increase 8% each year.
   The move was engineered by major shareholder Warren Buffett to set an example for corporate reform.