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Coca-Cola Revises Exec Pay After Criticism

Bowing to pressure from its shareholders – including Warren Buffett, CEO of Berkshire Hathaway (Coke's largest shareholder) and a frequent critic of out-sized executive pay packages – the world's leading beverage maker announced that its long-term incentive compensation program would be awarded to a smaller group of executives than was proposed in April. So reports Yahoo Finance.

In other words, the long-term distribution of Coke shares will be extended and linked more closely to performance-related shares than to stock options. The shareholder dissent comes in the wake of slowing growth for Coke in the face of reduced soda consumption in the U.S. and other countries.

The Atlanta-based company, which reduced the annual compensation of its CEO by 16% last year, also indicated it would be more transparent about its stock and option awards going forward.

Read the full article from Yahoo Finance.

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