By Daily Mail Reporter A Coca-Cola shareholder has slammed the beverage giant for paying its executives an excessive $24billion in stock rewards. New York money manager David Winter, founder of Wintergreen Advisers, claims there's 'no reasonable basis' for the lavish proposed payouts and is urging fellow shareholders - including Warren Buffett - to vote down the decision at Coke's upcoming annual meeting. In letter issued to shareholders, multimillionaire Winter wrote: 'We can find no reasonable basis for gifting management 14.2 percent of the share capital of Coca-Cola, worth $24 billion at today's share price.' Too much: New York money manager David Winter, pictured, founder of Wintergreen Advisers, claims there's 'no reasonable basis' for the lavish proposed payouts and is urging fellow shareholders to vote it down
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New York money manager David Winter, founder of Wintergreen Advisers, claims there's 'no reasonable basis' for the lavish proposed payouts
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He is urging fellow shareholders - including Warren Buffett - to vote down the decision at Coke's upcoming annual meeting
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Buffett, chairman of Berkshire Hathaway, holds around 9 percent of Coke's stock
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Coke argues the cash is not a given, but that management will be required to meet specific goals and financial targets to be eligible
@placeholder also says the proposed rewards will not just be handed out to senior executives but to a larger group of employees as a talent retention policy.