Buffett Says He Opposes Coke Pay Plan, Abstained in Vote
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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 yesterday in an interview with Bloomberg Television’s Betty Liu in New York. “That’s just the way I feel about the people there.”