Wintergreen tees up issue of Coca-Cola's executive pay

Wintergreen Advisers has sent a letter to the board of Coca-Cola (KO) to protest the company's proposed 2014 equity plan for top execs.

"If approved, this plan in conjunction with previous equity compensation plans, will dilute existing shareholders by a company estimated 14.2 percent," laments Wintergreen in its note.

Wintergreen reportedly sent a separate letter to Coca-Cola backer Warren Buffett on the issue.

KO +0.1% premarket

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Comments (2)
  • cbarry-!
    , contributor
    Comments (16) | Send Message
    A tangential comment. The SEC needs to ensure clarity on Share by-backs (which I generally am opposed to). Specifically, there should be a statement of shares outstanding; the $$$ buybacks should then be identified interms of actual share repurchases as they occur. Finally, there should be a restatement of the number of outstanding shares after the buy-backs occur. Would you be surprised if after $ billions in shares repurchases there is no reduction in the number of shares.


    Give those dollars to the share owners as special dividends and let the share owners worry about taxes. That is what I want as an "owner."
    24 Mar 2014, 11:34 AM Reply Like
  • Rudester
    , contributor
    Comments (3486) | Send Message
    Stock holders in the US should have more power on determining executive pay,
    or there should be term limits on directorships. These guys just get too cozy after being on the BOD for >10 years.
    24 Mar 2014, 08:01 PM Reply Like
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