David Winters: "Troubling" That Barry Diller Does Not Understand Coke Proxy Statement

Coca-Cola board member and IAC Chairman Barry Diller apparently doesn’t like to read the fine print.

One little noticed aspect of Diller’sappearance on CNBC Squawk Box yesterday were his comments on Coke’s controversial executive compensation.  Diller said that it was “weird” that people thought Coke management was going to be granted stock-based bonuses over a short four-year period of time. “Coca-Cola had no intention of giving them over a four-year period,” Diller said.  “They were going to give them over at least ten and maybe a twenty year period.”

David Winters responds

Problem is, Diller didn’t apparently entirely understand the compensation package, David Winters of Wintergreen Advisors points out in an email to ValueWalk. Winters...