Coke Failed To Garner Majority Support For Equity Plan: David Winters

The CEO of Wintergreen Advisors said The Coca-Cola Company (NYSE:KO)’s plan failed to garner support from a majority of shareholders, including its largest shareholder, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B). Wintergreen Advisors has been waging a proxy war against the equity plan since it was first proposed on March 7. Coke compensation package “outrageous” In his interview with ValueWalk, David Winters said, “If management is going to hijack the value of the company, investors should be aware.” He attacked the management bonus program as an “outrageous” wealth grab. However, his views were not vindicated where it mattered. He lost the vote with…