David Winters is the founder of Wintergreen Advisors. HIs firm, on behalf of its clients, owns more than 2.5 million shares of Coca-Cola (KO). Winters released a letter March 21 that he sent to the board of directors protesting the company’s 2014 Equity Plan, which he suggests will cost shareholders (Coke contests this figure) a cool $24 billion.
Are you as an investor going to stand for it? If you own KO stock, you’d be wise to follow Winters’ lead and vote against the 2014 Equity Plan.
This is but one example how overpaid CEOs like Muhtar Kent are destroying shareholder value while simultaneously lining their own pockets. Here’s a list of three other CEOs doing just the same: