"Warren Buffet, one of the worlds richest men hates this system . Until recent he was on a salary of $100,000"
However Warren didn't make his fortune on Companies paying their CEO's $100,000 a year I can assure you and almost certainly performance incentives.
He may ,like many hate the system, in the end the performance of the Company overides most complaints . Very few things are as they seem...
"Coca-Cola's CEO declined a $2.5 million bonus, but his total compensation still rose 20% despite what he calls a "challenging" year for the company.
Coke CEO Muhtar Kent's pay package jumped to $25.2 million for 2014."Clearly, 2014 was not up to our high expectations," Kent wrote in its annual filing released Thursday.Coke has lagged the broader stock market for the past few years, and Kent has taken some of the blame.Despite the increase, Kent earned less in 2014 than he did two years ago, when Coca-Cola(CCE) was in better shape and he took home $30.4 million.The company has been criticized for a compensation plan approved last year that at the timeWarren Buffett deemed "excessive."
The billionaire's company Berkshire Hathaway (BRKA) is Coke's largest shareholder.
Despite his complaint, Buffett didn't vote against the plan and instead abstained from the vote. He's a big cheerleader for the company and has called Kent and the rest of the management a"first draft" team.
Coke did later tweak the compensation plan, reducing the number of shares it hands out to its top officers."
Cheers Whisky
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