Coca-Cola cuts CEO's pay package by a third

After getting push-back from some shareholders and posting mixed 2013 results, Coca-Cola gave most of its top executives substantial pay cuts last year.

The beverage company disclosed Friday that CEO Muhtar Kent saw his total compensation drop 33 percent to $20.4 million, according to the Atlanta Journal-Constitution.

Some Coke shareholders and their advisers said Kent’s pay was too high compared to peers and rewarded what they considered lackluster performance.

Read more from the Atlanta Journal-Constitution.