Buffett Pushes Back Against NY Times Op-Ed

Buffett Pushes Back Against NY Times Op-Ed
By Mark Hirschey (Work of Mark Hirschey) [CC BY-SA 2.0], via Wikimedia Commons

When Warren Buffett said that The Coca-Cola Company (NYSE:KO)’s compensation plan was excessive (seemingly siding with David Winters of Wintergreen Advisers) but that he wouldn’t vote against it, it surprised a lot of people. Joe Nocera at the New York Times wrote an op-ed sharply criticizing Buffett. Then, a week later, he wrote another one calling Buffett “cowardly and hypocritical,” but he didn’t get all of his facts right.

Nocera’s op-eds made multiple factual mistakes

“The whole column is based on an incorrect fact – one that could easily have been checked, and wasn’t,” Buffett wrote, prompting a response from NY Times public editor Margaret Sullivan.

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