The Coca-Cola Company (NYSE:KO) management today announced a change of course in their controversial management compensation package, citing “shareholder engagement” at multiple points in the news release as a consideration. Such “shareholder engagement” to which the company coyly refers was said to be a conversation with Warren Buffett.
Coca-Cola 's decision influenced by Warren Buffett?
When asked about the motivation for changing their executive management compensation package, the source of a year-long, intense fight, The Coca-Cola Company (NYSE:KO) was transparent in their comments. "The Company listened carefully to shareowners, including Warren Buffett," Coke said in an email to ValueWalk.
The new management plan was publically announced, a key component was missing. The company announced the new plan without...
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