'This is the shareholders' money': Billionaire Warren Buffe

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ap215
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'This is the shareholders' money': Billionaire Warren Buffe

Post by ap215 »

'This is the shareholders' money': Billionaire Warren Buffett argues that companies should stop making decisions based on their social beliefs

The legendary investor Warren Buffett thinks that companies shouldn't assign their investors' cash to social causes and should instead focus on what would most benefit the shareholders, the Financial Times reported.

More companies and funds have shifted attention from simple profitability to so-called ESG — environmental, social, and governance — issues in a bid to gain public favor. The Berkshire Hathaway CEO opposes the idea, saying that public companies' primary concern should be maximizing shareholder value.

https://markets.businessinsider.com/new ... ce=desktop" onclick="window.open(this.href);return false;

Doremus Jessup
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Re: 'This is the shareholders' money': Billionaire Warren Bu

Post by Doremus Jessup »

I have no issue with businesses and funds deciding which approach they prefer. They need to state their objectives clearly. From there the investors will decide.

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