Coca-Cola Co. shareholder David Winters, who raised a ruckus over the company’s incentive pay plan in April, is getting back in the fray -- this time accusing Warren Buffett of plotting to take the soft-drink maker private.
Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.
Coca-Cola Co. will expand calorie labeling to the front of all packages and reiterated its pledge not to advertise to children under 12 anywhere as the world’s largest soft-drink maker fights criticism that it is contributing to obesity.
Coca-Cola Co. Chief Executive Officer Muhtar Kent, trying to speed efforts to improve the company’s North American distribution system, shook up his management team, resulting in the departure of a leader once considered a contender to succeed him.
Coca-Cola Co., the world’s largest soft-drink maker, said fourth-quarter profit rose 13 percent as sales of non-carbonated drinks in North America such as Powerade helped counter lower demand in Europe.
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said a private conversation with Coca-Cola Co. CEO Muhtar Kent was better than publicly rebuking him over the company’s compensation plan.