and the rest of Coke's board never seemed comfortable with the leadership of Goizueta's successors, Doug Ivester and Douglas Daft , and if Buffett has similar reservations regarding current CEO Isdell, we do not believe he would relinquish his seat
global messages of the 1970s and 1980s to a highly localized, closely targeted marketing style that was a favorite of Douglas Daft during his tenure as CEO from 2000 to 2004. The nature of advertising has undoubtedly changed from 30 years ago, when a
removing themselves from consideration, Coca-Cola KO finally named E. Neville Isdell CEO and chairman, replacing outgoing Douglas Daft . This development puts an end to several months of speculation, but it doesn't change our fair value estimate. With
for procurement and production should improve profitability. We believe the search for a new CEO and chairman to replace Douglas Daft remains a distraction to management. Though the board intends to wrap up the search process by early summer, we think management
to tell if his departure suggests that the investigation has uncovered any unpleasant surprises, the loss of continuity on this front presents yet another challenge to Coke management as it struggles to find a successor to CEO Douglas Daft .
development might not make us so wary. However, the news follows closely on the heels of management turmoil sparked by CEO Douglas Daft 's announcement that he would seek to retire by year-end, and speculation that the board of directors may not be in agreement
Thursday's news that Coca-Cola KO CEO Douglas Daft plans to retire by end of the year came as a surprise, but it doesn't change our view of the company. Most of Daft's stint
the rules of the game if the CEO appears to be losing. A while back, for example, Coca-Cola 's KO board reduced CEO Douglas Daft 's goal of 15% earnings growth over five years to 11%. Be careful of what a soft-hearted compensation committee might
drivers, strategic initiatives and those factors critical to understanding its business and operating environment." CEO Douglas Daft said that the company is most comfortable "measuring our progress as we achieve it, instead of focusing on the establishment
rewrite the rules of the game if the CEO appears to be losing. Last year, for example, Coca-Cola's KO board reduced CEO Douglas Daft 's goal of 20% earnings growth over five years to 16%. But, hey, at least Coke shareholders knew what the target was