Daft's salary increases 18 percent at Coke
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Posted 5:49PM on Monday 4th March 2002 ( 23 years ago )
ATLANTA - Coca-Cola chairman and chief executive Douglas Daft saw his salary increase 18 percent last year, with a compensation package that topped five million dollars and included a $500,000 jump in his annual bonus, which was $3.5 million. <br>
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The 58-year-old Daft earned $1.5 million in salary and received almost $104,000 dollars from his use of company jets in 2001. The beverage giant also gave Daft one million shares of restricted stock, tied to the company's performance through March 2006. <br>
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Daft, now in his third year as Coke's leader, ``demonstrated highly effective leadership and vision in a uniquely complex marketplace,'' the board wrote in Coke's proxy statement released Monday. <br>
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In 2000, Daft earned about $4.4 million, including $1.26 million in salary and a three million dollar bonus.
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