Buffet Backtrack on CEO Pay: Reputation Buster, or Just Buffet Being Buffet?
The Oracle of Omaha has spoken, or in this case, not spoken. After boldly pronouncing large shareholders as the last line of defense on CEO pay just a few years ago, Buffet declined to vote against the Coca-Cola compensation packages he termed excessive. In fact, he declined to vote at all. Is abstaining a cop…