USA TODAY: Billionaire investor Warren Buffett will not stand for re-election to Coca-Cola’s board of directors, the world’s biggest soft drink company said Tuesday.
Buffett, who has been on the board since 1989, told the company his decision was because of increased demands on his time resulting from acquisitions by his holding company, Berkshire Hathaway. He said Berkshire Hathaway intends to keep its Coca-Cola stock.