Thursday, October 25, 2007

How much Coke CMO Tripodi is making

There's a story at this morning outlining the compensation of new Coke CMO Joe Tripodi (I don't mean he's the CMO of "new Coke." Ha. You'll get that joke if you were around in the 1980s.) But I'm digressing again. Here's why it might be worth taking the job, even if you only last, say, the two years that CMOs keep their jobs these days.

Base salary: $525,000.
Bonus: $500,000 within first 30 days of employment.
Deferred compensation plan: one-time $2 million contribution.
Restricted stock grant: One-time donation of $2 million.
Stock options: One-time award of an estimated $1.5 million.
Other benefits: paid relocation costs, country club membership, pension, yada, yada yada.

Even just adding up the numbers that are disclosed, that's more than $6.5 million. Hey, I'd take that job.

1 comment:

Anonymous said...

So you can get rich by working for other people. Duly noted.