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Neubert's Trades Berkshire Hathaway's Munger Says Not Enough Executives Have Gone to Jail
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 | |||
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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."
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.
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