Warren Buffett, Coca-Cola Co.'s (KO) largest shareholder, abstained in a vote Wednesday on the beverage company's equity plan for employees, the Berkshire Hathaway Inc. (BRKA, BRKB) chief execute said.

Mr. Buffett, in an interview with CNBC, said he thought the plan "excessive" but didn't want to "express any disapproval for management" with a vote in opposition. Mr. Buffett said Berkshire, which holds about 9% of Coca-Cola shares, has no intention of selling any shares in the company.

The plan was approved by shareholders with 83% voting in favor.

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