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9 Lessons You Can Learn from Roberto Goizueta

By Joshua Kennon, About.com

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Practical Ideas from the Life of a Great CEO and Investor

Roberto Goizueta remains one of the greatest executives and managers in history. During his tenure, the Cuban immigrant grew the value of Coca-Cola’s common shares by more than 3,500%, while cleaning up the mess of his predecessor, which had resulted in the beverage company tied up in everything from shrimp farming in South America to manufacturing plastics. He strengthened, consolidated, and spun-off a substantial part of the bottler network in the form of Coca-Cola Enterprises that now forms the backbone of the Coca-Cola system, and focused on capital allocation with such spectacular results that even Warren Buffett would have to stand up in admiration.

This was the man that gave us wisdom on mistakes ("The moment avoiding failure becomes your motivation, you're down the path of inactivity. You stumble only if you're moving."), on establishing credibility ("State expectations. Met expectations. Repeat."), and on integrity ("The cynics will tell you that the good you do today will be forgotten tomorrow. I say, do it anyway."). Here, however, we are going to delve specifically into a few of the key ideas that helped him transform a soda company that had lost market share in the United States for nearly fifteen straight years into a global powerhouse, drowning shareholders in profits, dividends, and share repurchases.

In short, we are going to look at some of the lessons Goizueta can teach us from his day-to-day management of one of the most famous companies on the planet. It is our hope that you can take away from it practical, and actionable, ideas to grow your own net worth or improve your life in some meaningful way.

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