The New Economy and its Winners Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 16yearcycle who wrote (6579)	4/21/2001 4:40:10 PM
From: Bill Harmond	Read Replies (1) of 57684

The Gillette situation raises a number of questions, including the quality of oversight being provided by Buffett, a long-time Gillette board member. Buffett, Corporate America's Mr. Clean, has rightly slammed such dubious business practices as the overuse of corporate restructuring charges and huge options grants. Yet Buffett, the most influential Gillette board member, has presided over a company that essentially overstated its profits for several years because of aggressive "channel stuffing" of razor blades and Duracell batteries. Buffett is also a notable board member of Coke, which in the mid-1990s overstated its profits by insisting on the inclusion of one-time bottling sale gains in its operating results. interactive.wsj.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next