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Wednesday, April 7, 2010 as of 11:14 AM ET

Muhtar Kent

Muhtar Kent

Muhtar Kent (born in 1952 in New York) is a Turkish-American business executive. He is the Chairman and Chief Executive Officer (CEO) of The Coca-Cola Company.

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Coca-Cola Recommends Two-for-One Stock Split

Coca-Cola Co's (NYSE:KO) board of directors recommended a two-for-one stock split on Wednesday, the first split in 16 years.

The split reflects the board's confidence in the long-term growth and financial performance of the company, according to Chief Executive Muhtar Kent."A stock split reflects our desire to share value with an ever-growing number of people and organizations around the world," Kent said in a statement.The split, which would double the number of outstanding shares to 11.2 billion, is subject to approval by shareholders. They will vote on it at a special meeting planned for July 10.If approved, the new shares would be distributed on or around August 10, Coke said.This would be the 11th split in the stock's 92-year history. One share of stock purchased for $40 in 1919 would be worth about $9.8 million today, with all dividends reinvested annually, the company said.In early New York Stock Exchange trading, Coca-Cola shares rose 0.5 percent to $74.49....

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  1. Coca-Cola to Create 100,000 Jobs Worldwide Over Next 10 Years

    Coca-Cola Co. Chief Executive Muhtar Kent said Wednesday the company will create 100,000 jobs globally over the next 10 years, or 10,000 jobs per year.In an intervie...

  2. Coca-Cola CEO on Rebuilding Confidence in Economy

    Coca-Cola CEO Muhtar Kent on building confidence in the economy and the steps to boosting job growth globally.

  3. JPMorgan's Frenkel on European Exposure, Regulation

    JPMorgan Chase International Chairman Jacob Frenkel weighs in on company's exposure to Europe and regulating the banking system.

  4. 'Occupy Wall Street' Takes on Davos

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  5. Coke Sees Red: Invests $5M to Fight AIDS

    Coca-Cola (NYSE:KO) is joining the red-ribbon fight, dedicating more than $5 million over the next four years to help raise awareness and money to stop the spread of...

  6. Broad Volume Growth Lifts Coca-Cola's 3Q Net by 8.1%

    Boosted by across-the-board volume growth, beverage giant Coca-Cola (NYSE:KO) narrowly beat the Street on Tuesday with an 8.1% increase in third-quarter profit.The A...

  7. Enough Complaining -- A Few Ways to Fix the Broken Tax Code

    This much we know: the U.S. tax code is too burdensome, too complicated and often unfair. So much so that domestic and foreign corporations alike are increasingly in...

  8. Coke CEO Blasts U.S. Taxes, Praises China, Russia

    Muhtar Kent , the CEO of All-American corporate giant Coca-Cola (NYSE:KO), knocked Washington over its handling of taxes and the level of political rancor and said h...

  9. Coke CEO: Easier to Do Business in China Than U.S.

    FBN's Adam Shapiro breaks down what Coca-Cola CEO Muhtar Kent is saying about doing business in the U.S.

  10. Coke Expands Russian Investment Ahead of 2014 Olympics

    Coca-Cola (NYSE:KO) and its bottling partner Coca-Cola Hellenic have struck a deal to invest $3 billion in Russia over the next five years in an effort to profit fro...

  11. Coca-Cola to Invest Another $4B in China

    Coca-Cola (NYSE:KO) is investing $4 billion in China over the next three years as it continues to expand its presence and profit off what it calls the “largest and f...

  12. Companies see slack second-half demand

    By Martinne Geller and Brad Dorfman"The modest pickup in total consumer spending almost all U.S. businesses saw earlier in the year has reversed in the past several ...

  1. Coke 1Q Profit, Revenue Beat Expectations

    Coca-Cola (NYSE:KO) beat the Street on Tuesday with a 7.9% increase in first-quarter profits as the world's largest beverage company capitalized on a healthy rise in...

  2. Coke CEO Kent's 2011 Total Pay Up 17.5% To $29.1 Million

    Coca-Cola Co. (KO) Chairman and Chief Executive Muhtar Kent saw his total compensation rise 17.5% to $29.1 million in 2011, according to a Securities and Exchange Co...

  3. Why Obama's 'Hail Mary' Tax Reform Plan Won't Fly

    The Obama administration on Wednesday in an election-year Hail Mary gesture is proposing a sweeping reform of the corporate tax code that would reduce the tax rate f...

  4. Coca-Cola 4Q Net Falls 71% On Items; Volume, Revenue Rise

    Coca-Cola Co. (KO) is ratcheting up the pressure on PepsiCo Inc. (PEP) and other beverage companies with plans to plow up to $650 million in new, annual cost savings...

  5. Coca-Cola 4Q Results Top Street View

    Coca-Cola (NYSE:KO) suffered a 71% plunge in fourth-quarter profits due to a number of charges, but the world’s largest beverage maker’s adjusted profits and sales b...

  6. Coca-Cola To Invest Over $1 Billion In Mexico In 2012

    (Update adds time frame for five-year plan in second paragraph)MEXICO CITY -( Dow Jones )- Coca-Cola Co. (KO) plans to invest more than $1 billion this year in Mexic...

  7. Coca-Cola Commits To Invest $5 Billion In Mexico Over 5 Years

    Coca-Cola Co. (KO) plans to invest more than $1 billion this year in Mexico, a key market for the soft drink maker, as part of a $5 billion, five-year investment pla...

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