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Coca-Cola to lose its last Atlanta-based board member

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Ronald W. Allen has been a director for The Coca-Cola Co. since 1991 and currently serves as chair of the audit committee.

 

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By Maria Saporta and Eric Mandel 

Atlanta Business Chronicle

Jan 14, 2020, 2:55pm EST

After its annual meeting in April, Coca-Cola will for the first time ever have nobody from Atlanta on its board of directors.

The Coca-Cola Co. (NYSE: KO) said Tuesday that Ronald W. Allen will not stand for reelection to the board in April. The 78-year-old has been a director for the company since 1991 and currently serves as chair of the audit committee. Coca-Cola declined to comment about potential replacement plans for Allen on the board, which currently includes 14 directors.

Allen is the former chairman and CEO of Delta Air Lines who captained the Atlanta-based airlines' international expansion. He also served and chairman and CEO of Aaron's Inc. from 2012-14. He remains as a director of Forward Air Corp. and Aircastle Limited.

Allen owned 24,000 shares of Coca-Cola as of the company's SEC filings in February 2019.

"It has been an honor to serve as a director of Coca-Cola for 29 years and to work with six different CEOs, beginning with Roberto Goizueta and ending with James Quincey,” Allen said in a news release. “I am very confident of the continued success of The Coca-Cola Company under the leadership of James and his outstanding leadership team.”

Throughout Coca-Cola's more than 130-year history, Atlanta leaders have held significant roles on the board. That's changed of late, with the retirement last year of then-lead director Sam Nunn, who'd served since 1997. In 2013, former SunTrust CEO James B. "Jimmy" Williams and former Coca-Cola exec Donald R. Keough retired from the board.

Quincey, who last April assumed the role of chairman in addition to being CEO, has a place in Atlanta but his primary residence has been in England.

In a emailed statement to Atlanta Business Chronicle about the company’s commitment to the city, Coca-Cola said: “Since the first Coke was served in downtown Atlanta in 1886, The Coca-Cola Company has been part a central part of Atlanta, and Atlanta has been a central part of Coca-Cola. That has never changed. Even with an operational footprint in more than 200 countries and territories, our system proudly employs more people in Atlanta than in any single city on the globe. We’re proud of this legacy — and proud of the investments we continue to make in the city we’ve called home for more than 133 years.”

Coca-Cola Believes In Cardi B. American Rapper New image Coke Cola At Atlanta HQ

Coca-Cola unveils new 'main street' redesign at its Atlanta HQ

Coca-Cola is officially based in Wilmington, Del., but has its headquarters in Atlanta. Atlanta Business Chronicle previously reported that the beverage giant became Georgia's first public company with five women on its board, following the 2018 election of Caroline Tsay.

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( Rush LIMBAUGH ) Patcnews January 31, 2014 The Patriot Conservative Tea Party Network Reports RUSH: 'Earth-Shattering' News On Scott Walker Ignored By The Media Rush LIMBAUGH: Amnesty Is The 'Mother Of All Scams' © All copyrights Reserved By Patcnews

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The ‘Earth-Shattering’ News Rush Limbaugh Says the Media Ignored, but You Need to Know

Jan. 24, 2014 4:45pm Jason Howerton

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Conservative radio host Rush Limbaugh expressed disgust, though not shock, that the mainstream media ignored an “earth-shattering” story out of Wisconsin that “should have caused a political earthquake.”

The state of Wisconsin’s unemployment rate is “rapidly falling” and the government’s budget ended the year with a $912 million surplus, Limbaugh explained. He says the dramatic turnaround is due in large part to the conservative policies of Gov. Scott Walker.

What’s even more amazing, he continued, is the fact that Walker is going to “rebate the money in the form of tax cuts to the people, who he said own the money.” Limbaugh says the news is “earth-shattering” because, in one of the bluest states, Walker was targeted for removal twice but continued to implement conservative policies that he was confident would help his state — and his strategy appears to be working.

“They did everything they could to gin up hate, anger, tried to destroy his reputation, his career, and his life,” he said. “He hung in there. The state of Wisconsin instituted his policy reforms, de-emphasizing the role of unions in the state.”

Wisconsin Gov. Scott Walker, a member of the executive committee of the National Governors Association, speaks to the media after meeting with President Barack Obama at the White House Tuesday, Jan. 14, 2014, in Washington. (AP Photo/Jacquelyn Martin)

“He’s going to cut income taxes and property taxes, and he made the point that it’s not just a gimmick of budgeting or accounting. It’s the result of serious, significant policy changes,” Limbaugh argued.

“Now, folks, what I just told you was not reported once anywhere in what you would consider mainstream media. It was not reported on one cable network, much less all of them. It was not reported in the New York Times, the Washington Post, or the LA Times,” he added. “It was reported in Wisconsin. There was an AP story on it, maybe some local papers picked it up, but just as a filler.”

“And to me, for us as conservatives, Wisconsin and Governor Walker, I mean, everything that we want to happen, happened there,” the radio host concluded.

Listen to the segment via the Daily Rushbo:

Walker is proposing a $504 million property and income tax cut plan as a means to return some of the surplus money to the people of Wisconsin. Some Democrats and Republicans are already criticizing the plan and are calling for changes.

“The budget surplus is really your money,” Walker recently said at a meeting of the Wisconsin Grocers Association. “You earned it.”

However, some lawmakers are concerned that Walker’s tax cut plan would increase the state’s projected budget shortfall from $700 million to $800 million. The Republican governor argues the estimates don’t take into account any revenue growth, which he says will cover the difference.

The unemployment rate in Wisconsin dropped to 6.2 percent in December and has been dropping steadily since 2011.

RUSH: If you take a body of 11, 12 million immigrants who have an average education of tenth grade and you give them access to 80 different means tested welfare programs, including Obamacare, Soc. Security, and Medicare, who is going to pay for that? There is polling data that shows overwhelming majority of such arrivals are not here to join the Tea Party.
They believe in Big Government. They believe in command-and-control government over their lives. It’s just what they believe. You throw this group of people into the mix with no assimilation and immediate access, and you’re overwhelming a system that’s already incapable of fulfilling its original purpose and charter. Now, I don’t want to anybody misunderstand. I’m actually thinking that Kaus here has nailed it.
I just wanted to share with you a take on this that I found humorous in parts but interesting. You know, I guess my quibble with Kaus would be that this was only meant to be a fig leaf and not a scam. Immigration itself is the scam. It’s the mother of all — illegal. Amnesty is the mother of all scams. But this securing the border talk is just a fig leaf that enables the real scam. The scam is not the strategy. That’s my quibble with what Kaus said.
He’s laughing at the strategy. He’s saying, “Can’t they come up with a better way to lie? Can’t they come up with a better way to scam us, can’t they come up with a better plan that will fool people? Where’s Bill Clinton when we need him? That’s what Kaus is asking. So I don’t think their strategy is the scam. Amnesty is the scam. The substance of this is the scam, not the strategy. That would be my quibble with Kaus’ take.
But to each his own.
http://dailyrushbo.com

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 Daily Caller Reports

Maine’s supreme court foists choose-your-own-bathroom policy on entire state

Read more: http://dailycaller.com/2014/02/01/maines-supreme-court-foists-choose-your-own-bathroom-policy-on-entire-state/#ixzz2s7AWBNAc

  

Maine’s supreme court foists choose-your-own-bathroom policy on entire state

8:37 AM 02/01/2014

Eric Owens

Education Editor

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The supreme court of Maine has issued an opinion declaring that transgender children in the state’s public schools must be allowed to choose their own bathrooms despite their genitalia or how uncomfortable other students may feel about it.
The 5-1 decision, which came down on Thursday, marks the first time any state’s high court has ruled that transgender kids can use the bathroom with which they identify rather than the one matching their biological trappings, reports the Bangor Daily News.
The case, which originated in 2009 and stagnated for years in Maine’s courts, involved a fifth-grade student who wanted to use the girls’ bathroom. School officials said no because the student was not, in fact, a girl.
The child’s parents and the Maine Human Rights Commission sued the school district. The way the school treated the student and bullying by other students were also at issue.
“This sends a message to my children that you can believe in the system,” said Wayne Maines, the father of the victorious student, according to the Daily News.
The now-teenage student, Nicole Maines, also spoke to the press.
“I wouldn’t wish my experience on another trans person,” the transgender student said.
Jennifer Levi, director of the Gay & Lesbian Advocates & Defenders (GLAD) transgender rights project, was pleased with the outcome.
“A transgender girl is a girl and must be treated as such in all respects, including using the girls’ restroom,” Levi stridently insisted.
The decision appears to be a pretty limited interpretation of an anti-discrimination law already on Maine’s books.
“Our opinion must not be read to require schools to permit students casual access to any bathroom of their choice,” it reads. “Decisions about how to address students’ legitimate gender identity issues are not to be taken lightly. Where, as here, it has been clearly established that a student’s psychological well-being and educational success depend upon being permitted to use the communal bathroom consistent with her gender identity, denying access to the appropriate bathroom constitutes sexual orientation discrimination.”
The lone dissenting justice, Andrew Mead, observed that Maine has a law mandating that public schools have separate bathrooms for males and females. To the extent that law conflicts with anti-discrimination law, Mead suggested, the court should defer to the legislature to deal with it because the legislature is democratically chosen whereas the court is not.
Members of Maine’s supreme court are appointed by the state’s governor and confirmed by the state senate.

Read more: http://dailycaller.com/2014/02/01/maines-supreme-court-foists-choose-your-own-bathroom-policy-on-entire-state/#ixzz2s79ZKLwk

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( The GM Report ) Patcnews Jan 29, 2014 The Patriot Conservative News Tea Party Network Reports GM's Mary Barra to staff: "No more crappy cars." © All copyrights reserved By Patcnews

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GM CEO-designate Mary Barra starts with a truck
James R. Healey, USA TODAY 10:14 p.m. EST January 12, 2014
Incoming CEO of GM, first-ever female to lead a major automaker, debuts the Canyon pickup.



    GM CEO-designate gets first taste of media madhouse at intro of GMC Canyon
    She rolled out Canyon ahead of the Detroit auto show, gave boiler-plate replies to throngs of reporters afterwards, then left the building
    Canyon joins midsize Chevy Colorado in showrooms late this year; Barra takes GM's corner office Jan. 20

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DETROIT — General Motors' CEO-designate Mary Barra hosted her first giant product introduction here Sunday night, unveiling the 2015 GMC Canyon midsize pickup with a boast that it's so impressive, it'll make the minuscule small-truck market grow.

The Canyon, which goes on sale later this year with corporate companion Chevrolet Colorado, has "style, refinement and capability," she said, so will appeal to shoppers who didn't even realize they wanted such a vehicle.

GM says that, contrary to consensus, midsize-truck buyers have incomes similar to big-truck buyers, and many will prefer the smaller models because they're easier to park, use less fuel, will be priced lower and can carry close to as much as full-size models.

The midsize — formerly compact — pickup segment accounted for just 240,000 sales all of last year, about the capacity of an auto plant running two shifts. Two-thirds of those sales went to the Toyota Tacoma, so the Canyon's and Colorado's ability to expand the demand for midsize pickups is key to their success.

MORE: GMC midsize Canyon pickup debuted in Detroit

It's also the only way those two won't swipe sales from the recently redesigned, full-size GMC Sierra and Chevrolet Colorado, which are significant moneymakers for GM.

Barra, selected last month to replace CEO Dan Akerson on Jan. 20, said the Canyon and Colorado amount to the beginning of a GM "product onslaught."

She was on stage at the Russell Industrial Center here only as long as it took to make more-or-less expected comments about the new truck and hand the stage over to Mark Reuss, who replaces her as GM's global product chief.

The industrial center was designed by Albert Kahn and originally built auto bodies. It now provides studios and lofts for artists and space for special events.

MORE: Mercedes, Audi, Volvo show off new SUVs in Detroit

The real action for Barra came when she left the stage and was mobbed by reporters and camera operators in what was one of the most furious "scrums" at an auto press conference in a long time. The impromptu session was cacophonous, and she provided what seemed like scripted answers to a variety of questions and made no comments on substantive issues, such as whether GM plans to resume paying dividends to its stockholders.

Barra is in the spotlight because she's the first woman named to run a big auto company. GM's Detroit-based rivals Ford Motor and Chrysler Group have ranking female executives, but none who are a nod by the board of directors away from the corner office.

Barra joined GM as an intern in 1980 and has worked for the automaker her whole career. Akerson said when she took the global product chief's job, she stepped into a confused nightmare, and put it right better and faster than expected. 

GM to pay new CEO Barra $1.6M in base salary

By JOSHUA FREED January 17, 2014 4:02 PM

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In this Monday, Jan. 13, 2014, file photo shows, incoming General Motors CEO Mary Barra is seen at the awards ceremony for the North Americans Car and Truck of the Year award at the North American International Auto Show in Detroit. General Motors Co. says new CEO Mary Barra will get a base salary of $1.6 million per year as she takes over the global automaker. (AP Photo/Carlos Osorio)

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General Motors Co. says new CEO Mary Barra will get a base salary of $1.6 million per year as she takes over the global automaker.

GM said in a filing on Friday that Barra will also be eligible for $2.8 million in short-term incentives.

Her pay would climb further if GM shareholders approve a new long-term incentive plan at their next annual meeting. Stock and option awards make up the bulk of CEO pay at GM and many other publicly traded companies.

Dan Akerson, who retired as CEO Wednesday, had total 2012 pay of more than $11 million. That included a base salary of $1.7 million and $9.3 million in stock awards.

The federal government limited executive pay at GM after the Detroit company took bailout money in 2008 and 2009. But those restrictions are gone after the government sold the last of its General Motors Co. stock on Dec. 9.

Barra started as CEO on Wednesday. She has worked at GM since she was 18, and got an engineering degree from what was then known as General Motors Institute. Most recently she held what is widely considered to be the most important job at GM: Senior vice president for global product development. She has also been a plant manager, executive director of engineering and head of human resources.

GM said Friday that it expects Akerson will work continue to work there for less than a year, with prorated pay. He will get up to $4.7 million per year as a senior adviser, including a cash salary of $1.7 million.

GM is also paying former vice chairman Stephen Girsky, who remains on the company's board, to work as a senior adviser. He's getting a cash salary of $600,000 and up to $750,000 in short-term incentives.

Shares of General Motors fell 46 cents to $38.54 in late afternoon trading.

Michelle Obama hosts new GM CEO Mary Barra

Nathan Bomey and Todd Spangler, Detroit Free Press 6:03 a.m. EST January 28, 2014

Barra will have a front row seat for President Obama's State of the Union address

(Photo: KATHLEEN GALLIGAN Detroit Free Press)

Story Highlights

• Mary Barra will attend the State of the Union address
• She is a guest of Michelle Obama
• She was recently named CEO of GM

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DETROIT -- General Motors CEO Mary Barra plans to attend tonight's State of the Union address as a guest of first lady Michelle Obama — a month after the company shed its government ownership and two weeks after Barra became the first female CEO of a major automaker.
Barra's attendance marks a reversal of GM's strategy of avoiding the political spotlight while the automaker was still fending off the derisive "Government Motors" moniker in recent years.
In summer 2012, fed up with being used as a political football during the presidential campaign, GM banned President Obama and Republican contender Mitt Romney from its factories during the election season.
While it's not clear whether Obama will mention Barra or GM during the speech, the president has consistently trumpeted the government's $49.5-billion bailout of GM as a success.
Barra — who gave Vice President Joe Biden a tour of GM's exhibit at the Detroit auto show earlier this month — will sit in Michelle Obama's box in the U.S. House balcony along with Obama senior adviser Valerie Jarrett and Dr. Jill Biden, wife of the vice president and at least 15 other invited guests.
Another local business executive, Andra Rush, founder and chair of the Rush Group, also is attending the speech in Michelle Obama's box. Rush is owner of Detroit Manufacturing Systems, an auto supplier that is adding hundreds of jobs in Detroit.
"The guests who have been invited to sit with the first lady represent the stories of millions of Americans across the country, who are working hard to better their communities, improve their own economic outcomes and help restore opportunity for all," the White House said in a statement.
Barra also is expected to meet with members of Congress on Wednesday for the first time since succeeding Dan Akerson as CEO. Akerson stepped down Jan. 15 to help his wife fight cancer, but will remain as an adviser for up to a year. She will meet with Republicans and Democrats, including members of the Michigan delegation.
She told reporters last week that she believes the strong majority of Americans have a positive opinion of GM after the company reinvested $10 billion in the U.S. since 2009. But she acknowledged that some people will never change their minds.
"I was honored to accept the first lady's invitation, and delighted to represent the men and women of GM who are doing their best to make GM a company that Americans can be proud of again," Barra said in a statement. "America's resurgent auto industry is a great comeback story and its contribution to our nation's economy should be a source of bipartisan pride. GM is doing its part to help lead a stronger auto industry that is creating new jobs and technologies."
The trip represents a new round of publicity for Barra, whose rise has generated publicity outside of automotive circles. She has downplayed her status as the first female CEO of a major automaker, telling reporters last week that "my gender doesn't really factor into my thinking when I come into the room."
But she has emphasized science, technology, engineering and mathematics (STEM) education as a "personal passion" — an issue the president also has stressed.
"I think we need to generate interest in the STEM fields," Barra said last week.
Barra's trip to Washington is the latest stop in her first road trip since relinquishing her job as GM's global product chief to become CEO. She visited GM's European headquarters on Monday to emphasize her commitment to the company's Germany-based Opel brand, which hasn't turned a profit since the last century.
GM has reported 15 consecutive profitable quarters, recently recaptured its investment-grade credit rating and returned to the Standard & Poor's 500 Index.
She told reporters last week that she plans to "accelerate" GM's current path without making significant "right turns or left turns."
Her trip gives the White House another opportunity to boast about the GM bailout. The government lost about $10.5 billion on the bailout, but President Obama has maintained that it helped save millions of jobs.
But in a statement about the State of the Union, GM was careful to emphasize that the bailout drew bipartisan support, with the first dose of emergency cash coming from President George W. Bush in late 2008.
"We will always be grateful for the action taken by two administrations, the taxpayers' support, and the congressional members who stood with us during the industry's recovery," Barra said.

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