It seems we always can count on the Oracle of Omaha for some home-spun wisdom.
On Wednesday, Buffett, aka the second richest person in the world (with a $63.4 billion net worth), criticized Coca-Cola for what he said was its "excessive" pay plan for its executives.
Buffett's company Berkshire Hathaway is Coca-Cola's biggest shareholder, but Berkshire abstained from voting against the pay plan.
Buffett said he's never heard anyone speak out against a compensation committee’s plan in 55 years of serving on company boards.
“Taking them on is a little bit like belching at the dinner table. You can’t do it too often,” Buffett says.
Berkshire Hathaway doesn't award stock options to Buffett or any other executive, and Buffett gets a $100,000 salary.
By the way, Buffett, who announced in 2006 that he would donate the majority of his fortune to charity, has since given away Berkshire stock valued at more than $30 billion — most of it to the Bill and Melinda Gates Foundation.
Gates is the world's richest person, with a net worth of $77.7 billion, according to the Bloomberg Billionaires Index.