A dispute has arisen between the shareholders of The Coca Cola Company and the company's executives regarding executive pay and an equity plan that one specific shareholder and investor claims is injurious to shareholders.

CNBC reports that David Winters, investor and fund manager, and CEO and founder of Wintergreen Advisors claims that Coca-Cola has concocted a plan to dilute the value of the company's shares to deliver more money into executives' pockets by way of an equity compensation plan.

Winters is quoted — by way of his letters to shareholders and the Coca-Cola board — as saying that the company's proposed 2014 equity plan “will significantly erode the per-share value of Coca-Cola shares…If approved, this plan in conjunction with previous equity compensation plans, will dilute existing shareholders by a company estimated 14.2 percent.” To which Coca-Cola obviously responds that Winters' claims are baseless and not rooted in fact.