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Buffett leaving Coke's board

February 14, 2006 | About:

Warren Buffett on Tuesday said he would step down from the board of directors of Coca-Cola to focus on his insurance conglomerate Berkshire Hathaway, but the billionaire investor will not reduce his stake in the soft drink giant.

"Buffett said that his decision was a consequence of the increased demands on his time resulting from Berkshire Hathaway's acquisitions of new companies," Coke said.


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