It would be nice if both Warren and Howard Buffett would comment on this. The summary of Winters' case is that Coke's latest compensation plan is transferring 14.2% of the company, equivalent to about $24 billion (yes, billion, with a 'b') to management over the next 4 years. As my friend James mentioned to me today, Howard Buffett is not only on Coca-Cola's board, but he's also the man that was given the duty of carrying on the Berkshire Hathaway culture once Warren Buffett is no longer there one day. James is submitting his question on this topic to try and get the journalists to ask it at the Berkshire Hathaway Annual Meeting, but if a few more of us submit it as well, maybe it'll have a higher chance of getting asked.
Link to videos and letters, via ValueWalk:
David Winters Sends Buffett, Coke BOD Letters Over Exec Compensation
David Winters On His Vehement Opposition To KO’s Comp Plan
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