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David Winters Presentation - Coca-Cola's Big Grab: Enriching Management, Shortchanging Shareholders

April 08, 2014 | About:
Canadian Value

Canadian Value

110 followers

David Winters (Trades, Portfolio) strongly disagrees with the employee share compensation plan recently proposed by Coca-Cola (KO).

He has been aggressively spreading the word with the hope of banding shareholders together to kill the proposal.

Winters has now released a 37-minute presentation on the matter:

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 0.0/5 (0 votes)

Comments

AlbertaSunwapta
AlbertaSunwapta - 4 months ago

Also worth reading...

Coca Cola Misfires on Share Repurchase Rationale | The Rational Walk

excerpt:

"...One can fairly debate the pros and cons of providing management with equity compensation and whether the much hoped for “alignment of incentives” is actually created through grants of stock options and restricted stock. However, the idea that shareholders are “protected” in any way merely because the company has a stock repurchase program that “offsets dilution” makes no sense whatsoever. ..."

"We do not necessarily expect Ms. Bowden, who is presumably trained as a lawyer, to be well versed in the finer points of capital allocation but we hope that Coca Cola’s senior management and board of directors would immediately recognize the fallacy of her logic with respect to..."

http://www.rationalwalk.com/?p=13571

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