Coca Cola has dropped 3.65% on the FTSE today after comments from a shareholder. Wintergreen Advisors said that the current Chief Executive of Coca Cola is ‘incapable of leading Coke’s turnaround and should be replaced.’ The global money manager company argued that shares are undervalued as due to poor management and failed acquisitions. Coke has previously been criticized by Warren Buffet for its employee share rewards and pledged to resolve its problems by fixing compensation, cutting expenses and replacing management.
December 16, 2014 – Stock Market News
Coca Cola has dropped 3.65% on the FTSE today after comments from a shareholder. Wintergreen Advisors said that the current Chief Executive of Coca Cola is ‘incapable of leading Coke’s turnaround and should be replaced.’ The global money manager company argued that shares are undervalued as due to poor management and failed acquisitions. Coke has previously been criticized by Warren Buffet for its employee share rewards and pledged to resolve its problems by fixing compensation, cutting expenses and replacing management.