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re: Charlie Munger, one of America's top businessmen dead at 99

Posted on 11/28/23 at 5:16 pm to
Posted by WriTenn
Member since Nov 2023
230 posts
Posted on 11/28/23 at 5:16 pm to
quote:

He and Buffet are both huge hypocrites about the tax code. Preach and preach for years about how their effective tax rate was lower than their employees yet never felt obligated to pay in more.

Have you ever worked for a Berkshire-Hathaway company, or worse been taken over by them?

First thing they do is eliminate jobs and benefits. The absolute worst group insurance I have had was a B-H company. High premiums and even higher deductibles.

Buffet likes to talk taxes. He does not like to pay them.
Posted by BuckyCheese
Member since Jan 2015
50115 posts
Posted on 11/28/23 at 5:37 pm to
quote:

He does not like to pay them.



Who does?
Posted by tadman
Member since Jun 2020
3865 posts
Posted on 11/28/23 at 7:08 pm to
quote:

Have you ever worked for a Berkshire-Hathaway company, or worse been taken over by them?


I have a good friend that did for six months and hated every minute of it. He was a star employee at his prior company in charge of $50m of revenue and very trustworthy. Takes a move up to a bigger chair at a B-H company and it's a bunch of conniving SOB's that were trying to stab each other every day.

no thanks
Posted by uaslick
Tuscaloosa
Member since May 2011
858 posts
Posted on 11/28/23 at 7:45 pm to
I worked for a company bought by BH. Bonus plan changed to primarily profit-based. Although we had been profitable every year, the company sent so much to BH in dividends, the books showed a loss, thereby eliminating bonus payouts although they were technically still in place. The Sr. VPs and officers’ bonuses were based on dividend payments. I would not work for a BH-owned company again.
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