Warren Buffett Talks Housing, Coke, And Job Numbers [VIDEO]

Berkshire Hathaway B shares Warren BuffettBy Mark Hirschey (Work of Mark Hirschey) [CC BY-SA 2.0], via Wikimedia Commons

Billionaire investor Warren Buffett was interviewed by CNBC’s Becky Quick Thursday, as fans of the Oracle of Omaha make their annual pilgrimage to Berkshire Hathaway’s annual meeting this weekend.

Warren Buffett on housing, jobs, and Coke

Warren Buffett ‘not spoken’ with Coke directors since vote

Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s Warren Buffett says he has not spoken with any of the board of directors since abstaining from voting on its equity compensation plan. CNBC’s Becky Quick reports.


reporter: that’s right, ty. heading into this is one thing that everybody has been buzzing about, that’s warn Warren buffett’s decision to sustain — he abstained from the vote last week that kicked up a lot of dust. we caught up with him last night and asked him more about that. and the management may not be doles those out? i wouldn’t be surprised that they’re going to look at it. with you could abstaining with a fair amount of no votes. what they authorized at least in the meeting the other day. they don’t have to do it. they can spread it over a longer period of time. we’ll see what they do. they’ve listened to shareholders before. i think maybe they’ll listen again. have you talked to muktar kent? none of the directors? new york city another mean son. his son happens to be one of the directors. he voted in favor of that equity plan. warren buffett object stained from voting against the plan, but did say they thought it was excessive. david winters is another longtime coca-cola shareholders, he brought up all these questions, started asking about how much it would dilute existing high pressure he said somewhere between 14% and 16%. while buffett agrees the plan is successful, he sees it as more of dilution. we — david winters is also a longtime shareholder. we asked him one more time about the math. the math basically comes from the coca-cola document. you go to page 86, page 66 of the 106789-k, and you can slice and dice this however you want, but at the end of the day, the plan is excessive and not in the shareholders’ best interests. here’s what The Coca-Cola Company (NYSE:KO) has to say. they say that the company routinely interacts with shareholders to receive feedback on any matters. we do not share specific details of those interactions. shareholders of the company voted strongly in favor of the plan with 83% of the votes cast supporting the plan, as has been our consistent practice. we will continue to seek input. while cola got the 83% of the shares. they got less of the majority, because so many were abstained. this is an ongoing conversation, i’m sure we’ll hear more about it tomorrow when the shareholder meegts takes place here. back to you.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Sheeraz Raza
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com

Be the first to comment on "Warren Buffett Talks Housing, Coke, And Job Numbers [VIDEO]"

Leave a comment