April 6, 2006 / 9:19 PM

Coca-Cola has novel way to pay directors

ATLANTA, April 6 (UPI) -- Atlanta-based Coca-Cola Co. plans to tie directors' pay to changes in share price.

If earnings per share do not rise fast enough over a three-year period, directors will receive nothing, the Wall Street Journal said Thursday. But if earnings perform as expected, directors will get a nice raise.

The beverage giant's largest shareholder liked the move.

"I can't think of anything else that more directly aligns director interests with shareholder interests," said Warren Buffet. "As a shareholder, I love it."

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Warren Buffett

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