This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Buffett Wins the Ambiguous Man of the Year Award

Stocks in this article: BRK.A KO

NEW YORK (TheStreet) -- That the business oligarch Warren Buffett plays his cards close to his chest is a known fact. But, even to those who follow him closely to the extent of predicting his next move, his recent "controversy" over not voting against an equity compensation plan for employees of Coca-Cola (KO) was a rather unexpected move.

Having always stood in stern opposition to "excessive" compensation in the corporate world, Buffett left both his supporters and opposers with a huge question on why he did  what he did.

His abstention, in more ways than one, helped get a generous compensation doled out to approximately 6,500 employees of Coca-Cola company; of which CEO Buffett's Berkshire Hathaway (BRK.A) is the biggest shareholder. However, just a little while later, the CEO "expressed" his displeasure over the compensation plan, calling it "excessive." And that, with his abstention, he wanted to send a strong message that he was "not for it."

A rather curious case, isn't it?

>>Read more: Tim Cook's Biggest Failure at Apple

When quizzed as to why he stayed out of it, instead of being vocal about his opposition to the compensation plan, Buffett said he simply "didn't want to express disapproval to the management by voting against the plan."


Loaded with huge dollops of ambiguity, this move by 83-year-old Buffett shows he is still the classy, astute businessman who will always cover his tracks, in my opinion. A seeded player, Buffett has known how to change the course of the game, without ruining his chances. To bolster his stand, Buffett at the annual meeting of shareholders of Berkshire Hathaway maintained that "going to war" wouldn't yield much and that his abstention sent an even stronger a message.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs