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Buffett Defends How He Runs Berkshire Hathaway

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Warren Buffett remains confident in the long-term future of his company, and on Monday he again defended the quiet way handled his objections to Coca-Cola’s compensation plan.

Buffett appeared on CNBC and Fox Business Network after spending the weekend meeting with shareholders of his Berkshire Hathaway conglomerate.

Critics who think it would be best to break apart Berkshire’s 80-odd subsidiaries to make them easier to manage are wrong, he said.

“There are real advantages to having the company together,” he said.

Over the past 50 years, Buffett has grown Berkshire Hathaway from a floundering New England textile mill into a wide-ranging conglomerate that employs more than 330,000 people.

Published in the Gleaner
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