Buffett Says Abstaining Beats War in Dispute on Coke Pay
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Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said a private conversation with Coca-Cola Co. CEO Muhtar Kent was better than publicly rebuking him over the company’s compensation plan.
“We made a very clear statement about the excessiveness of the plan and, at the same time, we in no way went to war with Coca-Cola,” Buffett said today at Berkshire’s annual meeting at the CenturyLink Center in Omaha, Nebraska. “I don’t think going to war is a very good idea in most situations.”