Coke Rethinks Executive Compensation; Buffett May Prevail After All

Such is the importance of being Buffett. In his typical non-confrontational, Gandhi-like stance in the face off with Coke over the company’s mammoth executive compensation plan, Warren Buffett ultimately made his point. According to the Wall Street Journal, quoting knowledgeable people, Coke is likely to revise its controversial executive compensation plan that drew the ire of the legendary investor and its largest shareholder. Buffett disapproved of Coke’s plan, which reportedly involves the issue of 340 million new shares and options over the next four years, and estimated to be worth nearly $ 13 billion, according to activist fund manager David…