No. of Recommendations: 4
I took Warren’s commentary to be more Pro-Greg & his CEO role and power as opposed to anti-T&T. Warren has made his wishes now known in public forum to the shareholders & beyond the Board, and I think he wants to empower Greg when the transition occurs. If Warren were receiving the baton, he would want same degree of trust, confidence and responsibility.
I can imagine Todd & Ted internally managing what they have been and the pension with more growth over time. I do not have a problem with Greg,like Warren, ultimately deciding whether they are deserving of more funds to manage under their umbrella. Greg seems quite fair and reasonable from all I have seen and heard from more knowledgeable folks in Omaha. Who knows, we could potentially be entertaining adding additional people to potentially help manage the equity positions. I do trust Warren & the Board to make the right call. They also have a lot more skin in the game than us!