1. Buffett Calls for More Accountability for Corporate Directors

    Buffett Calls for More Accountability for Corporate Directors

    (Reuters) - Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual letter to Berkshire Hathaway Inc shareholders, Buffett said pay for outside directors has "soared" to ...

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    1. When seeking directors, CEOs don't look for pit bulls.
    2. I feel better when directors of our portfolio companies have had the experience of purchasing shares with their savings, rather than simply having been the recipients of grants.
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