Peltz About PepsiCo, Inc. (PEP) and Buffett’s Stake in The Coca-Cola Company (KO)

CNBC viewers and participants at the Delivery Alpha conference yesterday had a ring side view on the storied rivalry between the camp followers of American beverage majors PepsiCo, Inc. (NYSE:PEP) and The Coca-Cola Company (NYSE:KO) when Nelson Peltz who is the founder and the chief executive officer of Trian Fund Management took objection to the fact that interviewers at CNBC were seeking investor tips on PepsiCo, Inc. (NYSE:PEP) stock from investment guru Warren Buffett.

TRIAN PARTNERS

The audience chuckled when Nelson Peltz who owns a significant chunk of stock in PepsiCo, Inc. (NYSE:PEP) questioned gruffly the propriety of interviewers at CNBC seeking the Warren Buffet’s views on holding shares of PepsiCo, Inc. (NYSE:PEP), overlooking the fact that Mr. Buffett is one of the largest individual and long time investors in The Coca-Cola Company (NYSE:KO).

Mr. Peltz took CNBC interviewer Andrew to task for “twice seeking Mr Buffett advice to share holders of PepsiCo, Inc. (NYSE:PEP)” and “then never telling the audience that he (Buffett) is the largest share holder in Coke, and you never told the audience that he’s been on the board forever and his son’s on the board right now”.

Mr. Peltz then compared the lack of disclosure about Mr Buffett interest in rival The Coca-Cola Company (NYSE:KO) during CNBC interviews with various analysts who commented on company stock, disclosing to their viewers and readers any existing interests in the stock that they or their family members hold.

Mr. Peltz concluded by sarcastically commenting that: “I want you all to know that, next time you get Pepsi advice from the largest shareholder of Coke.”

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!