Buffett and Coke's Sweet CEO Pay

Coca-Cola CEO Muhtar Kent's pay is rigged to remain at very high levels, with modest downward adjustments in bad years and potentially astronomic rewards in good years. 
Warren Buffett isn't wild about how much Coca-Cola Co. CEO Muhtar Kent is paid.  Photographer: Michael Pugh/Coca-Cola Co. via Bloomberg

Warren Buffett opposes (though he didn't vote against) Coca-Cola Co.'s new employee stock plan as excessive. The problem, which Buffett didn't mention, starts with the chief executive officer, Muhtar Kent. Although Kent is far from America's most overpaid CEO, his compensation demonstrates everything that is wrong with executive pay.

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