Remarkableriots Posted May 8, 2019 Share Posted May 8, 2019 https://www.cnbc.com/2019/05/04/warren-buffett-if-a-bank-needs-a-government-bailout-the-ceo-and-spouse-should-lose-net-worth.html?ref=hvper.com Quote Berkshire Hathaway Chairman and CEO Warren Buffett thinks CEOs of failing banks should lose literally everything they’re worth. “If a bank gets to where it needs government assistance, the responsible CEO should lose his net worth and his spouse’s net worth,” Buffett said at Berkshire’s shareholders meeting. Whenever a situation like this arises, “it’s the shareholders who pay.” Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 8, 2019 Share Posted May 8, 2019 Too weak. Guillotine them. 1 Quote Link to comment Share on other sites More sharing options...
chakoo Posted May 8, 2019 Share Posted May 8, 2019 They should be fired, get no exit bonus and should be forced to sell all their shares/holdings in the bank to the government for $0.01 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 8, 2019 Share Posted May 8, 2019 The board deserves this treatment as well. That said, if we had a real social safety net, the loss of jobs due to a company failing wouldnt be much of an issue, and this corporate socialism could end. Quote Link to comment Share on other sites More sharing options...
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