Buffett says Coke's plan has fizz
Paper says billionaire investor believes the plan will align the interests of directors and shareholders.

NEW YORK (CNNMoney.com) - Warren Buffett, the billionaire investor, defended Coca-Cola's decision to make boardroom pay entirely dependent on company performance, according to a recent report.

Buffett said that the unprecedented move would align the interests of directors and shareholders, the Financial Times said Friday.

On Wednesday, Coke said it would pay its directors only if earnings growth goals are met, leaving board members at the world's largest soft drink maker with no compensation if targets are missed.

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Click here to read: Coke directors: No growth, no pay. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.