Warren Watch: Berkshire letter

Omaha.com is your home for the most complete analysis of Warren Buffett's annual letter to Berkshire shareholders. And make sure to bookmark our new "Warren Watch" page at omaha.com/buffett for the latest news and information about the Oracle of Omaha. (Click here for the Warren Watch page.)

* * * * * *

Buffett: CEO's title includes responsibility

Warren Buffett had harsh words for CEOs and directors of failed financial companies who appeared to not suffer serious consequences.

In his annual letter to Berkshire Hathaway Inc. shareholders, published Saturday, Buffett said CEOs and directors should be responsible for the risks they take.

“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,” he wrote. “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.”

Continue reading here for more of Steve Jordon's analysis of the letter

* * * * * *

Let's make another deal

Warren Buffett isn't done.

With the completion of his biggest acquisition — this month's purchase of Burlington Northern Santa Fe Corp. — and his cash down to a mere $20 billion or so, one might think the 79-year-old chairman and CEO of Berkshire Hathaway Inc. would relax.

Some observers have called the railroad purchase the capstone of his career, given its size and importance to Berkshire's future.

But in his annual letter to shareholders, published online Saturday and containing his folksy commentary on a wide range of topics, Buffett said he was hungry for more.

Read more about what's up next for the Oracle of Omaha

* * * * * *

Berkshire letter tidbits

Click here for excerpts from the Berkshire report, or browse the entire letter in its entirety below:

* * * * *

Live chat replay

At 3:30 p.m. on Saturday, World-Herald staff writer Steve Jordon hosted an hour-long live chat. Be sure to check out the replay for his answers to reader questions about the Berkshire shareholders letter:



* * * * *


Warren Watch

And don't forget to stop by our new "Warren Watch" page on Omaha.com. It's the hometown center for news and information about Berkshire Hathaway Chairman and CEO Warren Buffett. Click here for the Warren Watch page.

« Money

Share