alt Hacker NewsHe owns a lot of companies and keeps his distance from their reputations. Companies make money and stay on top by doing awful things. Think about coca cola and plastic pollution. Buffett has to own that when he has a controlling stake.
Replies
sokoloff • today at 8:39 AM
Berkshire owns less than 10% of Coke. That’s means Berkshire’s voice is represented in the boardroom, but is more than a factor of five from the common definition of “controlling stake”.
JumpCrisscross • today at 1:18 AM
> Think about coca cola and plastic pollution
Does Coca Cola make plastic bottles? I thought their whole deal is they sell syrup to local bottlers.
What’s the counter-factual here? Coca Cola not allowed to exist? Plastic not a permissible material for soft drink bottles? Nobody allowed to drink soft drink? Companies forced to clean the streets?
I dislike plastic pollution as much as you do, but your elected representatives have more responsibility here than Buffett.