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Yeah and he bought a company to get its pension funds assets, took an unproven technique which without hindsight adds risk to the pension holders but they didn'
by harry8 10y ago
Yeah and he bought a company to get its pension funds assets, took an unproven technique which without hindsight adds risk to the pension holders but they didn't get the upside, he and other shareholders did. Worthwhile keeping that in mind when Warren preaches what a moralist he is, he let employees take the risk of his new strategy and kept their upside. Doesn't sound so much different from any other investment banker to me when phrased in plain english.