Buffett Says He Abstained From Coca-Cola Shareholder Vote On Executive Compensation - Presented by: The Aol. On Network

Warren Buffett, chairman of conglomerate Berkshire Hathaway , told CNBC on Wednesday he thinks Coca-Cola's controversial equity compensation plan was excessive, but Berkshire Hathaway abstained in the shareholders vote. Buffett said he and partner Charlie Munger didn't want to vote against the plan because he didn't want to show disapproval of management, and that he has enormous respect for CEO Muhtar Kent. Buffett also said he has no intention of selling any Coca-Cola shares.



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