The CEO of Coca-Cola Enterprises got a compensation package valued at $11.9 million in 2008, reports AP. John Brock’s 2008 pay is about $1 million less that in 2007.
The company, not immune to the economic fallout of the past year, booked a loss of $4.39 billion and saw its stock fall 53 percent. Shares have falled another 11 percent since the start of the year, closing yesterday at $10.70.
Brock, who runs the biggest Coke bottler, earned $1.1 million in salary and a $147,344 cash bonus. He also got $219,745 in other compensation, which included personal use of the company plane worth $167,603. The company also paid $46,851 to a defined contribution plan for him.