Berkshire Hathaway

  According to a recent article at JournalStar.com, Warren Buffett used his letter to Berkshire Hathaway stockholders to bring attention to corporate responsibility and the government bailout of financial institutions. Warren Buffett wrote: “In my view, a board of directors of a huge financial institution is derelict if it does not insist that its CEO bear full responsibility for risk control.  If he’s incapable of handling that job, he should look for other employment.  And if he fails at it – with the government thereupon required to step in with funds or guarantees – the financial consequences for him and his board should be severe.”Read More →