Warren Buffett calls it quits: kind of man of Wall Street or vicious shark?

0
821

The 94-year-old billionaire has announced plans to step down as CEO of Berkshire Hathaway at the end of the year after 60 years at the helm.

 

While the mainstream press and business leaders from Tim Cook to Jamie Dimon sing his praises as a “visionary” standard bearer of “ethical investing” with “unmatched business acumen and philanthropic contributions,” here are the shabbier aspects of Buffett’s legacy.

 

🏴‍☠️ Corporate Piracy

🔴BNSF Railway (2010): Berkshire’s $34B purchase raised concerns over Buffett’s influence with regulators and the Obama administration to delay the competing Keystone Pipeline.
🔴Clayton Homes (2025): This Buffett investment is facing lawsuits over predatory, high-interest lending to low-income families, drawing attention from the Consumer Financial Protection Bureau.

 

😮 Shady Practices

🔴SEC Probe (1974): Buffett was investigated for trying to interfere with a competitor’s bid to buy Wesco Financial, resulting in a $115K payout to shareholders.
🔴Salomon Brothers (1990): A major Berkshire Hathaway investment slapped with a $290M fine for fraudulent Treasury securities bids.
🔴Goldman Sachs Investment (2008): Buffett’s $5B buy-in to Goldman Sachs during the financial crisis has been praised for helping stabilize markets. But critics say he used insider info on the bank’s financials to strike the deal.
🔴Wells Fargo (2016): Buffett’s investment came under scrutiny after the bank created over 2M unauthorized accounts. Despite possible insider knowledge, Buffett did nothing.

 

🤫 Shady Relationships

🔴The Giving Pledge: A philanthropic campaign created by Buffett and Bill Gates in 2010, seen by some as a PR move to disguise billionaire tax write-offs.
🔴George Soros Connection: Buffett joined the board of Soros' Open Society Foundations in 2013.

 

⛓ Corporate Slavedriver

An array of Berkshire Hathaway companies, including BNSF, NetJets and Dairy Queen have faced grievances over low wages, poor conditions and union suppression.

 

 

***

 

 

Like
1
Search
Categories
Read More
Cloak & Dagger
How was Israel able to execute the "Pager Operation"?
The Israeli Defense Forces (IDF) are believed to have conducted cyber and electronic warfare...
By Israel Swords of Iron Ops 2024-09-21 07:38:08 0 4K
Cloak & Dagger
Red Sea Ships Cautioned After Suspected Houthi Missile Hits Vessel Off Hodeidah
The UK Maritime Trade Operations cautioned ships traveling in the Red Sea on Monday to exercise...
By Operation Prosperity Guardian 2024-03-12 12:01:12 0 10K
Real Time Facts
Status of the Hostages taken by hamas terrorists as of December 2, 2024
On October 7, 2023, Hamas took 251 hostages.Since then, 154 people have been rescued and...
By Israel Swords of Iron Ops 2024-12-02 12:44:45 0 3K
Analysis
Doctors Without Borders (MSF), an Accomplice of Hamas?
Since October 7, MSF (Médecins Sans Frontières), which is extremely active on X,...
By Israel Swords of Iron Ops 2023-12-19 19:06:57 0 8K
Cloak & Dagger
90,000 Troops - NATO starts biggest wargames in decades next week
NATO will launch next week its biggest military exercises in decades with around 90,000 troops...
By NavyVetUnited 2024-01-19 07:39:04 0 9K