Warren Buffett Has Some Interesting Views On Boards And Corporate Governance
Reuters/Mario Anzuoni
And the top topic of conversation (after a quick discussion of low interest rates) is corporate governance.
Buffett has been in the spotlight lately because he didn't vote against a pay package at Coca-Cola that was widely deemed excessive.
Buffett's view: He doesn't have any interest in going to "war" against Coke (which he's owned for a long time) but he does want to apply pressure in other areas, and he expressed his disagreement with the package on other ways.
As he puts it, a boardmember only has so many "bullets" and if you make a habit of voting against everything you don't like, people stop listening to you.
He also made an interesting point about boards being inherently "social" entities, with directors who don't want to bother other people so they can get jobs elsewhere.
- Luxury “floating” beach unveiled in France, termed an “ecological aberration”
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market