4:43 am December 3, 2010, by Henry Unger
Coke CEO Muhtar Kent said unfavorable tax rates on foreign profits and low national investments in education and entrepreneurship in the United States worry him, AJC staffer Bob Keefe reports.
But Kent, who spoke Thursday at the National Press Club in Washington, made it clear he’s very bullish on the U.S. economy, Keefe writes.
“Our darkest days have passed,” he said. “We’re beginning to see the first rays of light through that long, dark tunnel.”
He pointed out that the volume of Coca-Cola’s beverage sales has grown for two straight quarters in North America — the first time that has happened in five years, Keefe reports.
The company’s $12 billion purchase of its biggest bottling company, Coca-Cola Enterprises, and a $115 million expansion of a citrus processing plant in Florida earlier this year, he added, are evidence that the company feels good about the direction of the economy.
“Our bullishness on America is not some form of blind optimism,” Kent said. “There are trends and dynamics here that are real and tangible and have long-term positive implications.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
For instant updates, follow me on Twitter.
Get inside Atlanta's and national business news and how it affects you.
Vacation stops, manage subscriptions and more