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.

Advisory Firm Slams $12M Payout to Coca-Cola GC Who Left After Diversity Dust-up | Corporate Counsel