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.
Coke Links Directors' Pay to Profits
News, 07 April 2006
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