Warren Buffet to step down from Coca-Cola board
New York: Stock market guru Warren Buffet 75, has resigned from the board of Coca Cola Corp citing time constraints. He has been on the board of the company for the past 17 years. He said he did not plan to seek re-election to the board.

Buffet's departure got a positive reaction from Wall Street. Analysts said it was a plus for the company.

An active Coke board member Buffet was influential in the company backing out of plans to acquire Quaker Oats and Gatorade sports drink in 2000. PepsiCo eventually acquired the two products and Quaker Oats has been a key driver to its revenue and earnings growth.
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