US: Coca-Cola takes lead with accounting change
In response to the growing political and regulatory pressure on US corporations, Coca-Cola has announced that it is to deduct stock options for its executives and employees from its profits. Coca-Cola's decision, announced by chairman and CEO, Doug Daft, was backed by Warren Buffett, the influential investor who is a director and major shareholder in Coca-Cola. However, it is still likely to send shockwaves through corporate America as many US companies remain strongly opposed to this stricter treatment of options.
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