Buffett Indicates His Board Votes Sometimes Don't Reflect His Beliefs

Warren Buffett was sending mixed messages Tuesday.  While expressing dissatisfaction with the “excessive” The Coca-Cola Company (NYSE:KO) executive compensation program, Buffett chose to sit on his hands when it came to opposing the The Coca-Cola Company (NYSE:KO) board on the issue.

The The Coca-Cola Company (NYSE:KO) board was quick to praise Buffett for abstaining in the proxy battle brought by activist hedge fund David Winters, who must be scratching his head.  In an interview with ValueWalk last week Winters said: “If management is going to hijack the value of the company investors should be aware.” Ironic...