Activist investor David Winters’ fight with The Coca-Cola Company (NYSE:KO)’s board of directors over management compensation just received a new ally in the Ontario Teachers Pension Plan. Pension plan to oppose Coke’s management compensation plan The pension plan, which manages $140 billion for 180,000 public school teachers, owns 2.8 million shares of Coke, a 0.02% stake, and said it plans to oppose the company’s 2014 executive equity compensation plan. Winters, fund manager of Wintergreen Advisors, had called the Coca-Cola’s executive compensation plan an “outrageous grab,” saying the company buyback program has been “hijacked” by management. “The amount of money being transferred…
Winters Gets New Ally In Fight With Coca-Cola
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.