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There goes more jobs overseas. Look at companies Buffett has invested in and look at their outsourcing record.
I sure hope Warren pays his fair share of taxes on any profits.
Mr. Buffet, Please don't mess with my ketchup!
Goldman Sachs advised it's clients on Monday to SELL HNZ.
I'm sure this deal will make Buffett and John Kerry a lot richer (unlike their ketchup). I have a funny feeling this article would've had a more of a negative slant if it involved Romney instead of Buffett.
Buffett said in the CNBC interview..."I've sampled it many times." Hmmm, must be tough always having to evaluate a product on it's deal value rather than just being able to enjoy it.
@dirtydogs-I retired from one of the companies that Warren purchased. On the outsourcing comments...if companies did it prior to being purchases by Warren...they continued to do so, if it made good sense. Much of the outsourcing in America doesn't go overseas...it just goes to another company, who has to hire folks to do the work. A simplistic example of this is janitorial service. Used to be companies had janitors, not they have the work performed by a Janitorial firm. So don't take any cheap shots at Warren, he buys good, well run, companies...and lets they continue doing what they do. He get's a cut of the profits; but the companies end up have more money to invest (no shareholders, no dividends). The company I worked for was able to double it's capital budget after being acquired....that sounds like a good thing to me!
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