You are here: Home » International » News » Companies
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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