Berkshire Hathaway Class B Message Board

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Non-Tech : Berkshire Hathaway Class B

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To: Neil H who wrote (1485)	5/8/2003 8:33:36 PM
From: Jon Khymn	Read Replies (1) of 1652

Warren gets the future gold mine, Clayton shareholders get the shaft. LOL... =========== money.cnn.com MAD AT WARREN BUFFETT About Clayton Homes: "The best corporate parent in the world doesn't mean diddly to Clayton shareholders, since all they will get is $12.50 [per share] and then the company becomes a subsidiary of Berkshire Hathaway. Clayton is clearly the class company in its industry; Warren has said as much. Its current value is debatable, but the upside potential could be spectacular. Why else do you suppose Berkshire is interested? In short -- Warren gets the future gold mine, Clayton shareholders get the shaft. Clayton management keeps their jobs, the insiders get 12 and change for stock that cost them little or nothing and so all are willing accomplices. Highway robbery does not become acceptable just because the sainted Warren is the perpetrator. Dude. -- Fran" (No relation to Mrs. STLF.) Fran, I believe that founder and chairman James Clayton and his family own about 28 percent of the company, which means they are in a position to cut a deal. Anyway, you have a special meeting coming up soon to vote on this, right?...And there's good rockin' tonight!

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