Winters Says Coke Board Should Be Ousted If Comp Plan Not Changed

David Winters, chief executive officer of Wintergreen Advisors, thinks The Coca-Cola Co (NYSE:KO)’s revised compensation plan, designed to addresses issues raised by critics such as Winters, falls well short of that goal and in fact may have done nothing to reign in its "excessiveness" or reduce its size. If the problem can’t be fixed, Winters is re-iterating his call for the Coke board of directors to be replaced.

David Winters on Coca-Cola's new guidelines

The new guidelines simply call for top management to receive fewer stock options but much more cash, Winters said in a letter sent to investors, a copy of which was reviewed by ValueWalk. Under the Guidelines, certain top The Coca-Cola Co (NYSE:KO) managers will be paid in cash instead...