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Written by J.P. Wicklein
Warren Buffett is the Chairman of Berkshire Hathaway and consistently one of the three wealthiest men in the world. Less known is Berkshire’s Vice-Chairman, and longtime Buffett friend, Charlie Munger. Although less famous, Munger’s financial insights are on par with Buffett’s. Munger also shares Buffett’s folksy, down-to-earth personality.
Recently, the two of them sat down with Fox Business for an extended interview. I came across a segment in which the two of them address, among other issues, excessive executive compensation. Check it out!
1 response so far ↓
1 Brian E // Aug 11, 2009 at 9:56 am
I think Gordon Gekko (the fictional character from “Wall Street”) said it best…
“Today, management has no stake in the company!”
I think it also has to do with how a person acquires their stake in the company. Warren Buffett and Charles Munger did not acquire their shares in Berkshire Hathaway through stock options. Unless I am mistaken, they bought their shares outright. They have never been driven by short term results but have always help a prudent long-term view.
Great Video!
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