Subject: Re: Quitting KFT Board
Hello, everyone.

Most of KHC’s brands are getting eroded by the likes of Kirkland. In my opinion, Heinz is the only brand that KHC owns that truly has a moat. You are not seeing Costco unveiling Kirkland ketchup. That tells you something.

Would love to see a swap deal where Berkshire took 100% ownership of the Heinz assets and let somebody else own the rest of KHC. Charlie would approve.