Warren Buffet, you know, the second richest guy on the planet, had something to say at Berkshire Hathaway's recent shareholders meeting.
WARREN BUFFETT, the US investor whose folksy style masks one of the shrewdest minds in corporate America, used the annual gathering of his Berkshire Hathaway vehicle to launch a fierce attack on US executive greed and President Bush’s planned tax cuts.
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The second richest man in the world, Mr Buffett, known as the “Sage of Omaha”, criticised plans for tax cuts that he said were designed to fleece the poor and reward the rich.
“I am not for the Bush plan. It screams of injustice. The main beneficiaries will be people like me and Charlie,” he said, referring to the Berkshire Hathaway vice-chairman Charlie Munger. Mr Buffett said the tax plan was equivalent to “us giving a lesser percentage of our incomes to Washington than the people working in our shoe factories”.
And in case you were wondering...
“Arise shareholders,” he concluded, raising both palms skyward. Famed for his integrity and modest lifestyle, Mr Buffett paid himself $100,000 (£62,000) in salary and a further $300,000 in bonuses last year. He still lives in the grey stucco house he bought in 1956 for $31,500.
Tell it like it is.
US Sage Attacks Executive Greed
Posted by mike at May 4, 2003 08:55 PMThat's a fair point to bring up. I really don't have anything to add except to say that I agree.
Posted by: Mike on May 6, 2003 02:26 PM