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Coca-Cola Company Directors Page
BACK to Latest
Coca-Cola Company Directors Page
James B. Williams, a Director of the Company, is Chairman of the Board and Chief Executive Officer of SunTrust. Subsidiary banks of SunTrust engage in ordinary course of business banking transactions with the Company and its subsidiaries, including the making of loans on customary terms, for which the Company paid fees totaling $402,000 in 1997. SunTrust Bank, Atlanta, a subsidiary of SunTrust, has extended a $100 million line of credit and a letter of credit to the Company, for which the Company paid fees totaling $72,500 in 1997. SunTrust Bank, Atlanta also holds equipment leases under which the Company paid $195,000 in 1997 for the lease of trailers used to haul syrup. A SunTrust subsidiary leases office space in a building owned by a Company subsidiary and located at 711 Fifth Avenue, New York, New York. In 1997, the Company subsidiary was paid approximately $266,000 and will be paid an estimated $309,000 in 1998 and escalating payments in future years, under the terms of the lease. In the opinion of management, the terms of such banking and credit arrangements and lease are fair and reasonable and as favorable to the Company as those which could have been obtained from unrelated third parties at the time of their execution.
Warren E. Buffett, a Director of the Company, is Chairman of the Board of Directors, Chief Executive Officer and the major share owner of Berkshire Hathaway Inc. In 1997, the Company paid approximately $271,000 to a subsidiary of that company for leased office space. Berkshire Hathaway Inc. also holds a significant equity interest in American Express Company. In 1997, the Company paid approximately $99,000 in interest payments to a banking subsidiary of American Express Company and also paid fees for credit card memberships, business travel and other services in the ordinary course of business to subsidiaries of that company.
Sam Nunn, who was elected to the Board of Directors on January 3, 1997, became a partner of the law firm of King & Spalding on that same date. King & Spalding rendered legal services to the Company and its subsidiaries in 1997 and is expected to render services to the Company and its subsidiaries in 1998.
James D. Robinson III is Chairman of Violy, Byorum & Partners Holdings, LLC, a private firm specializing in financial advisory and investment banking activities in Latin America. The Company paid fees to this firm for services rendered in 1997 in connection with a proposed transaction.