Coca-Cola changed the director compensation plan to one that will pay members of the board of directors if the company hits financial targets. Under this plan, “equity share units” valued at $175,000 will be granted to each director if the company hits earnings targets. Directors will have to wait three years to cash in the units, and will be able to do so only if Coke posts compounded annual growth in operating earnings per share of 8% in 2006, 2007, and 2008. It is estimated that EPS will have to rise to $2.73 in 2008 (from $2.17 in 2005) in order for directors to get paid.
From Yahoo and the Associated Press: LONDON – A 300-year-old book that appears to be bound in human skin has been found in northern England, police said Saturday.The macabre discovery was made on a central street in Leeds, and officers said the ledger may have been dumped following a burglary. Detectives were trying to trace … Read more Ancient book may be covered in human skin