Berkshire's (BRK-A) Buffett Opposes Proposed Coca-Cola (KO) Employee Stock Compensation Plan

Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) chairman Warren Buffet is voting against a stock award plan proposed by Coca-Cola (NYSE: KO).

According to Bloomberg, Buffett has abstained from a compensation plan vote today, though preliminary results have 83 percent of votes cast supporting the plan.

Money manager David Winters and Berkshire asked Buffett -- the largest shareholder of Coca-Cola -- to oppose the measure, saying it violated his investing principles.

Buffett, speaking on CNBC today, still likes Coca-Cola, he said he simply didn't agree with the plan.

Shares of Coca-Cola are flat Wednesday afternoon.

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