Mr. Buffett abstained from voting on the Coca-Cola compensation plan. He said it was excessive, but that he could never vote against Coca-Cola. But the plan, as expected, did pass the shareholder vote.
Link to video: Buffett: Shareholders Should Speak Out on Coca-Cola
April 23 (Bloomberg) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway, explains why he abstained from voting on Coca-Cola Co.’s plan to award employees with stock, how he feels about tech stocks and the U.S. housing recovery. He speaks with Betty Liu on Bloomberg Television's "Street Smart."