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Monday, May 5, 2014

Berkshire's Buffett says has 'no desire' to war with Coca-Cola -CNBC, (NYSE: BRK-A), (NYSE: BRK-B)

Berkshire Hathaway Inc Chairman and Chief Executive Officer Warren Buffett said on Monday he had no desire to "go to war" with Coca-Cola Co and that U.S. companies were doing well under the current tax code. "We had no desire, never will have a desire to go to war with Coca-Cola," Buffett told CNBC regarding Berkshire's decision to abstain from the shareholder vote on Coca-Cola's equity compensation plan for executives, even though Buffett thought the plan was excessive.Buffett told CNBC he had not spoken to Coca-Cola CEO Muhtar Kent since the company's annual meeting on April 23.Buffett, responding to criticism from activist investor Carl Icahn regarding Buffett's decision to abstain from the shareholder vote, said, "I think our style actually would be more effective than the style that might be proposed by Carl."Buffett also said U.S. companies were flourishing under the current U.S. tax code.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.63% or $-1228.0/share to $192255.00. In the past year, the shares have traded as low as $162345.00 and as high as $194530.00. On average, 383 shares of BRK-A exchange hands on a given day and today's volume is recorded at 205.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.75% or $-0.97/share to $128.09. In the past year, the shares have traded as low as $108.12 and as high as $129.73. On average, 3905770 shares of BRK-B exchange hands on a given day and today's volume is recorded at 4278590.



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