“I’d view it as a tragedy if someone whose achievement was issuing the most junk bonds or having the silliest stock price took over the company and all that we’ve built evaporated.”
Those are the words of wisdom from a great businessman, Warren Buffett (quoted in BusinessWeek, July 5, 1999), speaking as to why he made decisions to keep Berkshire-Hathaway in his family’s control.
But, how times have changed. Tomorrow Mr. Buffett will testify before the Senate Finance Committee on why we should keep the estate tax. A tax that forces many families to sell off their businesses at time of death.
I view that as a tragedy.
Latest posts by Carter Wood (see all)
- Farewell from a Blogger - May 25, 2011
- Activist Ignore Evidence to Back Shakedown Suit Against Chevron - May 25, 2011
- More than a Lawsuit: A Circle of Political Pressure Against Chevron - May 25, 2011