Coca-Cola Changes Pay Plan, Warren Buffett Influence Credited

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…