News: Buffett defends abstention from vote on Coca-Cola executive pay

Compensation & Benefits

Buffett defends abstention from vote on Coca-Cola executive pay

Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co. and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway Inc. conglomerate at its annual shareholder meeting. Buffett was immediately questioned about Berkshire’s decision to abstain from the shareholder vote on Coca-Cola’s equity compensation plan for executives, even though Buffett thought the controversial plan was excessive. That revelation drew sharp criticism in the run-up to the meeting - particularly since Buffett has in the past called options wasteful and akin to a free lottery ticket.

Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co. and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway Inc. conglomerate at its annual shareholder meeting. Buffett was immediately questioned about Berkshire’s decision to abstain from the shareholder vote on Coca-Cola’s equity compensation plan for executives, even though Buffett thought the controversial plan was excessive. That revelation drew sharp criticism in the run-up to the meeting - particularly since Buffett has in the past called options wasteful and akin to a free lottery ticket.

Read the Live Mint news report here.

Read full story

Topics: Compensation & Benefits, #Current, #International, #TotalRewards

Did you find this story helpful?

Author

QUICK POLL

Post-COVID, which aspect of work will technology impact the most?

2 months free subscription
q_auto,f_auto/v1599122279/mag-september-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Are we too remote for our employees?

Participate and get your free pulse report.

Participate Now