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Coca-Cola's Top Executives

The Executives and Directors of the Coca-Cola Company understand the incredible harm their policies are doing to workers, the environment and to children throughout the world, yet they continue without conscience in their ruthless quest for profits.

James Quincy

James Quincy
President and Chief Executive Officer
The Coca-Cola Company
Involved in ongoing Angel Alvarado/SIAAGSA scandal in Mexico
Visit: http://www.killercoke.org/crimes_mexico.php

Compensation:

2016 - $8,703,710

NEWS RELEASE

Contact Pat Clark or Ray Rogers
Corporate Campaign, Inc.
718-852-2808

Incoming Coca-Cola CEO Charged With Condoning Scheme to Defraud Mexican Government and Workers Out of Billions of Dollars

NEW YORK, New York, April 24, 2017 -- James Quincey, The Coca-Cola Company's incoming CEO, presided over an alleged scheme to defraud Mexican workers and the Mexican government out of billions of dollars while he was President of Coca-Cola's Mexico division between 2005 and 2008, charged Ray Rogers, Director of the Campaign to Stop Killer Coke.

Coca-Cola's alleged scam, which started in 1987, came to light in 2007 when a marketing executive refused to comply with Quincey's directives to employ illegal monopolistic practices to strong-arm Mom-and-Pop stores throughout Mexico to stop selling competing beverages.

After being forced to resign in the presence of an armed guard, the whistleblower discovered a decades-long scheme to circumvent Mexican labor laws requiring 10% profit sharing to employees. That scheme not only defrauded the workers out of hundreds of millions of dollars, but also cheated the Mexican government out of tens of millions of dollars in annual tax revenue.

According to Rogers, "Quincey's promotion to CEO means that Coca-Cola intends to continue its illegal and immoral treatment of workers throughout the world." Quincey joined Coca-Cola's Latin America Group in 1996 and became president of the South Latin Division in 2003. During his tenure in Latin America, Coca-Cola has faced numerous charges of complicity in human rights abuses in Colombia and Guatemala, including the kidnapping, torture and murder of union leaders documented on www.KillerCoke.org and in The Coca-Cola Case, a documentary produced by the National Film Board of Canada.

Colombia Reports 8/30/16 stated: "Coca-Cola is one of more than 50 companies that will be charged with financing the now-defunct Colombian paramilitary AUC group ... which killed many dozens of labor rights defenders during its existence between 1997 and 2006, to a transitional justice tribunal."

Rogers asserts, "Holding Coca-Cola responsible for its misconduct in Mexico poses special obstacles because of the company's close ties to the Mexican government." Before serving as Mexico's president between 2000 and 2006, Vicente Fox was Coca-Cola's top executive in Mexico. In October 2014, a Mexican lawsuit charging Coca-Cola, Quincey and other senior executives with liability for the fraudulent labor and tax scam was dismissed.

"With Quincey's elevation to the Coca-Cola's top worldwide job, the Campaign to Stop Killer Coke will redouble its efforts to bring Quincey and the company to justice," says Rogers, who stated that "the Campaign has opened an investigation into the circumstances of how and why the Mexican lawsuit was dismissed."

Rogers said that the Campaign is expanding to focus on Mexico, Coca-Cola's largest per capita market, and is also considering commencing a civil action in the United States and/or a petition for relief with one of the international courts of human rights.

Per Rogers, Coca-Cola's exposure for the Mexican labor and tax fraud runs to the billions of dollars, pointing to a May 2011 report from major international law firm CORPUSIURE. That report concluded that "[i]f the accusations of fraud held against Coca-Cola [are] found to be true, the company would lose a figure ranging in the billions."

Campaign to Stop Killer Coke Director Ray Rogers questioning Coca-Cola CEO Muhtar Kent about Incoming CEO James Quincey’s involvement in a scheme which has defrauded Mexican workers and the Mexican government out of billions of dollars.

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Mutar Kent

Muhtar Kent
Chairman of the Board
The Coca-Cola Company

  • Bilderberg Group, Attendee
  • US-China Business Council, Board member
  • 3M Company, Board member

Compensation:

2016 - $17,551,944
2015 - $14,590,571
2014 - $25,224,422
2013 - $20,380,660
2012 - $30,460,186
2011 - $29,115,573
2010 - $24,782,017
2009 - $18,813,013
2008 - $22,421,347

Muhtar Kent followed in the footsteps of previous Board Chairman and CEO E. Neville Isdell by repeatedly lying to shareholders present at the April 2010, 2011, 2012, 2013, 2014 annual meetings and many others watching the meetings on webcasts.

At these annual meetings, Kent typically responds to questions raised by Campaign Director Ray Rogers by first stating that Rogers's accusations are "unfounded;" that his accusations have "no merit" and that there is no truth to issues raised regarding Colombia, Guatemala, Mexico, El Salvador and racial discrimination in the U.S.

However, each year Kent has been taken to task by several reporters in Mexico because there are outstanding labor and criminal lawsuits by a former 16-year employee and top marketing executive of The Coca-Cola Co. The plaintiff, Angel Alvarado Agüero, alleges that the company pressured him to act illegally to destroy all competition at the 700,000 mom and pop stores in Mexico. When he refused, he was forcibly and unjustifiably dismissed and denied substantial compensation owed to him. In the past, Coke had been fined millions of dollars for engaging in similar monopolistic activity in Mexico.

But even worse, this case highlights how The Coca-Cola Company and its wholly owned subsidiary, The Coca-Cola Export Corp., conspired to illegally cheat Mexican workers out of hundreds of millions of dollars in pay and profit sharing and the Mexican government out of millions in tax revenues.

In addition, Kent stated that all court cases have been dismissed, yet there is an outstanding case that was filed in the State Supreme Court of New York on February 25, 2010, accusing Coke and its operations in Guatemala of murder, rape and attempted murder directed at union leaders and family members.

Because of Kent's lies with respect to Mexico, Ray Rogers filed a whistleblower complaint with the Securities & Exchange Commission (SEC) accusing Muhtar Kent of committing actionable fraud on the market by instigating and continuing a cover-up of factual information concerning a series of lawsuits and investigations by Mexican regulators against the company. These actions, festering in Mexico for the past several years, could have a material effect, well into the billions of dollars, and negatively impact the company's share price and brand value.

Unfortunately, labor, human rights and environmental abuses throughout The Coca-Cola System continue to pile up worldwide.

SEC Complaint against Coca-Cola and two Updates: http://killercoke.org/complaint_filed_with_sec_regarding_mexico.php

Muhtar Kent and Insider Stock Trading:

It should be noted that Kent was implicated in an insider trading scandal. According to TheStreet.com (1/20/06):

"It seems that in the fall of 1996, as a managing director of Coca-Cola Amatil-Europe, Kent sold short 100,000 shares of the bottler - just before a profit warning clipped the stock. Kent said back then that he believed the sale was legal and that he hadn't been influenced by any information about Amatil's results.

"Australian regulators didn't see it that way. So the next year, Kent settled an insider trading complaint with the Australian Securities Commission. Without admitting wrongdoing, Kent agreed to repay about $400,000 in profit from the transaction, plus $50,000 to help cover the cost of the investigation.

"Kent resigned from Amatil in September 1997. "He thought it was in his and the company's best interests," his spokesman told Sydney's Daily Telegraph at the time...

"'This was neither an insider issue nor were any company rules violated,' a Coke spokesman told The Wall Street Journal. 'It basically was a situation where Muhtar was provided with incorrect financial advice. When he discovered it was incorrect he moved immediately to remedy the situation.'

"You aren't alone if you find that explanation a little flat."

Alexander B. Cummings

Alexander B. Cummings (Retired 2016)
Chief Administrative Officer
Executive Vice President
The Coca-Cola Company

Compensation:

2015 - N/A
2014 - N/A
2013 - N/A
2012 - N/A
2011 - N/A
2010 - N/A
2009 - $8,178,662
2008 - $8,040,998

  • Chevron Corporattion, Director
  • African Leadership Foundation, Director
  • CARE USA, Director
  • Coca-Cola Bottling Co. Consolidated, Director
  • Clark Atlanta University, Trustee
  • S.C. Johnson & Son, Inc., Director
J. Alexander M. Douglas, Jr.

J. Alexander M. Douglas, Jr.
Executive Vice President and President
Coca-Cola North America

Compensation:

2015 - $7,469,704
2012 - N/A
2011 - N/A
2010 - $7,100,257

  • American Beverage Association, Board member
  • Grocery Manufacturers Association, Board member
  • Morehouse College, Board member
Gary P. Fayard

Gary P. Fayard (Retired 2014)
Chief Financial Officer
Executive Vice President
The Coca-Cola Company

Compensation:

2012 - $8,222,962
2011 - $8,524,572
2010 - $8,268,766
2009 - $5,755,536
2008 - $7,123,004

  • Coca-Cola FEMSA, Board member

Fayard was also a director of Colombian bottler Panamco prior to Panamco's merger with Coca-Cola FEMSA. Prior to joining the Company, Fayard served 19 years with Ernst & Young, concluding his service there as a partner, area director of audit services, and area director of manufacturing services. Ernst & Young are now Coca-Cola's "independent" auditors.

Irial Finan

Irial Finan
President, Bottling Investments Group
Executive Vice President
The Coca-Cola Company

Compensation:

2016 - $6,779,286
2015 - $9,194,704
2014 - $8,236,901
2013 - N/A
2012 - N/A
2011 - N/A
2010 - N/A
2009 - $8,951,963
2008 - $6,342,026

  • Coca-Cola FEMSA, Board member
  • Coca-Cola Hellenic Bottling Company SA, Board member
  • National University of Ireland Galway Foundation, Board member
  • Co-operation Ireland, non-executive director 
  • Coca-Cola East Japan, Board member
James Quincy

Marcos de Quinto
Executive Vice President
Chief Marketing Officer

Compensation:

2016 - $8,703,710

 

 

Kathy Waller

Kathy Waller
Executive Vice President
Chief Financial Officer

Compensation:

2016 - $7,019,422
2015 - $5,732,046

 

E. Neville Isdell

E. Neville Isdell
Former Chairman & CEO

Compensation:

2006-2008
More than $87.5 million