Winters Gets New Ally In Fight With Coca-Cola

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...