Berkshire's Buffett: Coke pay plan makes 'great sense'- CNBC

Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc , praised Coca-Cola's altered executive compensation plan on Thursday.
"I think the new plan makes great, great sense," Buffett told cable business channel CNBC, referring to Coca-Cola's new guidelines to limit the executive compensation plan, starting next year.
"I think it’s remarkable what Coke did," said Buffett, whose Berkshire Hathaway is the company's biggest shareholder with a 9.1 percent stake. Referring to Maria Elena Lagomasino, chair of Coca-Cola’s compensation committee, Buffett said, "I tip my hat to her."
Buffett said he felt as good as ever about his investment in Coca-Cola. He told CNBC earlier this year he had abstained from a shareholder vote on its controversial equity compensation plan when it came up for renewal in April, even though he considered it excessive. -(Reporting by Sam Forgione in New York; Editing by Jeffrey Benkoe) Thursday, October 02, 2014

Read more here.

eBay and PayPal CEOs to Be Well Compensated Post-Breakup

Executives who will take over as CEOs after eBay breaks up into two publicly-traded companies next year will be well compensated, according to filings with the SEC. eBay announced the breakup on Tuesday and said current eBay Inc. CEO John Donahoe would step down after overseeing the split.
Dan Schulman was named President of PayPal on Tuesday. Filings show he earns an annual base salary of $900,000 with a target bonus of 175% of his base salary. After the spin-off, his salary will increase to $1 million with a target bonus of 200% of his new base salary. - By Ina Steiner EcommerceBytes.com


Read more here.