Crony Capitalism and the Oracle of Omaha
For this value investor, Berkshire Hathaway’s recent annual meeting turned from a shareholder lovefest into a lesson in poor corporate governance
Vitaliy Katsenelson
May 8, 2014
Shareholders crowd the exhibition floor during the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, U.S., on Saturday, May 3, 2014. Yesterday, Berkshire Hathaway Inc. said first-quarter profit fell 3.8 percent on reduced earnings from Chairman Warren Buffett's derivatives wagers and underwriting at insurance businesses. Photographer: Daniel Acker/Bloomberg
Daniel Acker/Bloomberg
