Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (173435)	3/11/2003 3:50:31 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 186894

I just don't like the fact that he puts himself in a position to judge the tech industry, thats my only gripe with him. I don't think he's qualified to make the call about how much Ellison or Siebel should get paid. You are right, I don't know much about Buffett other than the 3 books I own (can't even remember the names of the other 2)... his style isn't my style of investing. I would never bother to make a case out of accounting for compensation at BRKa though in the same way the options hawks relentlessly hammer these tech companies. Its a simple process of opting out of a BRKa investment for me, what puzzles me is why you don't do the same- put your money into BRKa and leave the tech industry alone except for the few companies that chose to expense options with the method that you personally prefer? Expensing options will cause all the tech middle management at say Cisco/Intel etc to convert to contract rates at $150/hour. That costs too much, I'd rather keep the options compensation with the correct publication of any dilution involved.

To: hueyone who wrote (173435)	3/11/2003 4:27:11 PM
From: Lizzie Tudor	Respond to of 186894

Buffett's own board has been criticized by corporate governance experts. Out of seven Berkshire directors, only one -- Malcolm Chase -- qualifies as independent under proposed New York Stock Exchange rules. The others are Buffett and Berkshire Vice Chairman Charles Munger; Buffet's wife, Susan, and son, Howard; Ronald Olson, a partner with Munger, Tolles & Olson, which gets legal fees from Berkshire; and Walter Scott Jr., who has an energy investment with Berkshire. Under proposed NYSE requirements, which are likely to be adopted, companies must have a majority of independent directors. Buffett defends his board but says he will add new directors who meet the definition of independent. He adds, "We will continue to have members of the Buffett family on the board." sfgate.com