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Buffett says he opposes Coke's pay plan

Bloomberg  |  New York 

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, said he opposes Coca-Cola Co's plan to pay employees with stock and abstained from a vote on the proposal out of loyalty to the soft-drink maker. "I could never vote against Coca-Cola, but I couldn't vote for the plan either," Buffett said on Wednesday in an interview with Bloomberg Television's Betty Liu in New York. "That's just the way I feel about the people there." Eighty-three per cent of investor votes cast at the company's annual meeting on Thursday supported the equity ...

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First Published: Fri, April 25 2014. 00:13 IST
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