Streams

Episode #103

Warren Buffett Punts On Coke's Compensation Plan

Taking a Hard Look at Corporate Boards

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Friday, April 25, 2014

Warren Buffett is perhaps the country's most respected investor. He's known for making thoughtful, common-sense decisions. Which is why this week the business world took note when he abstained from voting against a pay package for executives at Coke that he called excessive. This week on Money Talking, regular contributors Joe Nocera of the New York Times and Rana Foroohar of Time magazine weigh in on Buffett's motivation and what it says about the state of corporate boards in America. Plus, a discussion of why a 700-page book — Capital in the Twenty-First Century by French economist Thomas Piketty — is topping the charts on Amazon.

Hosted by:

Charlie Herman

Produced by:

Daniel P. Tucker

Contributors:

Rana Foroohar and Joe Nocera

Comments [1]

Truth & Beauty from Brooklyn

I LOVE Mr. Buffett. Met him a few years ago at a Coca Cola shareowners' meeting. He was on the Board then, but he was the only Democrat and didn't last. Whatever he says is fine with me.

I think I also voted against that executive pay package this year. I called the CEO on the "golden parachute" issue a few years ago at the annual meeting; they seem to get very defensive when you do that. The executives need to have lower salaries and their "golden parachutes" need to be tied to the success of the company, but they also need to pay their employees - the people who produce and bottle their products are the people who count most! - better, AND, because they are a publicly traded company, they need to pay better dividends. It offends me as a shareowner that the executives get these ginormous salary packages which come at the expense of decent living wages for employees and shareowner dividends. And lest you say, "then why do you own the stock?," I say, change needs to come from within, and only those of us who own shares can go to the meetings and speak up. And that is precisely what Mr. Buffett does. :-)

Apr. 25 2014 08:50 AM

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