Glass Lewis said the company failed to justify why Bradley Gayton, who left soon after announcing new diversity guidelines for outside counsel, received a rich consulting agreement.
April 11, 2022 at 07:44 AM
3 minute read
The original version of this story was published on Corporate Counsel
The powerful proxy advisory firm Glass Lewis & Co. slammed the Coca-Cola Co. in a report, saying the $12 million consulting deal it hammered out with former General Counsel Bradley Gayton was so over the top that shareholders should vote against the company’s executive compensation plan.
“Shareholders may reasonably question whether such outsized payments upon a voluntary resignation may have the potential to indicate broader issues at the company,” Glass Lewis said in its report.
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