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To: 16yearcycle who wrote (6579)	4/21/2001 4:40:10 PM
From: Bill Harmond	Read Replies (1) \| Respond to 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