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The debate continues on the merger of XM (XMSR ) and Sirius (SIRI ) Satellite Radio as the case again comes before the Senate Committee on Commerce for round four since its original proposition in February. Opponents argue that the merger will create a monopoly, leaving a sole provider for satellite service to consumers. This, they argue, will lead to increased prices and decreased content. Advocates argue that the merger is necessary in order to compete against other technologies, including terrestrial radio, MP3 players, CD/DVD etc. The inference is that the battle between the two small companies for the limited audience is splitting the market and preventing its advance against the other technologies.

 

 

Home Neubert's Trades Berkshire Hathaway's Munger Says Not Enough Executives Have Gone to Jail
Berkshire Hathaway's Munger Says Not Enough Executives Have Gone to Jail
Written by David Neubert   
Tuesday, 09 January 2007 22:37

The Inelegant Investor Summarizes Munger's Comments to the LA Times.

Munger derided compensation consultants, declaring that "I have always said that prostitution would be a step up for these people." Munger pointed out that the problem was not that CEOs were evil, but that..." envy-driven compensation mania... brings out the absolute worst in good people."

Diary Queen Blizzard

Disclosures and Confessions:   I own Berkshire Hathaway. (BRK.A )  I sometimes eat at Dairy Queen which is owned by Berkshire Hathaway.

Disclaimer:  Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security.
Last Updated on Tuesday, 27 March 2007 17:06