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Warren Buffet Wins A Battle Against Coca-Cola's Plan To Pay Its Bosses $13 Billion
2014-10-02 12:30:56| Beverages - Topix.net
Coca-Cola has shelved plans to give its top executives up to 340 million shares worth around $13 billion, after investors, including its biggest shareholder Warren Buffet, called the packages "excessive." A Wall Street Journal report details he drinks company has now revised the pay plan and said it will now issue "substantially" fewer shares for long-term equity awards to the top 1% of senior management in favor of cash bonuses and it will also "significantly" reduce the amount of staff receiving stock options.
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Category:Food and Related Products
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