Warren Buffett is asked a question about big corporations essentially robbing their investors using creative accounting methods and giving their staff egrigious compensation plans & overblown salaries that often are undeserved.
The question goes: “I work for a fairly large computer company that’s a competitor of Mr. Gates up there. And I’m curious, as a common, ordinary person and a common shareholder, what can we do, 31,000-some odd folks here do, about the outrageous salaries, bonuses, perks, of these enormous corporations that we will never have a chance at, a shot at, you know, working with them and that amount of wealth? What would you advise us as common shareholders that we can do to get this country going the right way and get this issue going the right way?”
From Berkshire Hathaway Annual Shareholders Meeting. (2008)
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
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How Big Corporations Are ROBBING You | Warren Buffett
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