| NEW YORK
NEW YORK Aug 15 Fund manager David Winters has
sold his shares in Berkshire Hathaway Inc, citing
Chairman Warren Buffett's inaction on Coca-Cola Co's
Winters previously owned 1.2 million shares of Berkshire,
according to a May filing. A quarterly filing dated Aug. 14 said
his firm Wintergreen Advisers no longer owns shares of the
Berkshire Hathaway, which owns roughly 9 percent of Coke's
shares, is the soda maker's biggest shareholder. In April,
Buffet said he thought Coke's equity compensation plan was
excessive but that Berkshire Hathaway abstained in the
Winters has been a vocal critic of the plan, which he says
would dilute the holdings of current shareholders too much.
Wintergreen Advisors still owns 2.5 million shares of Coke.
"We no longer felt that Warren Buffett was looking out for
his shareholders' interests," Winters said in an emailed
Coke declined to comment. Berkshire did not return a phone
call late Friday afternoon.
(Reporting by Anjali Athavaley; Editing by Lisa Shumaker)