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PostPosted: Thu Jan 02, 2020 12:14 pm 
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Joined: Tue Jul 19, 2011 3:45 am
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'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


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PostPosted: Thu Jan 02, 2020 10:58 pm 
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Joined: Mon Oct 28, 2019 2:51 pm
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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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