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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!