• 305 Posts
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Joined 6 months ago
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Cake day: February 21st, 2026

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  • How can a board of directors justify this expense?

    Because they are also getting lavishly paid.

    I have been on 20 public company corporate boards, not counting any Berkshire subsidiaries. So, I’ve seen a lot of corporate boards operate. And the independent directors, in many cases, are the least independent

    I mean, if the income you receive as a corporate director — which typically may be around $250,000 a year ”now, if that’s an important part of your income, and you hope that some other corporation calls the CEO and says, “How’s so-and-so as a director?” and the current CEO — your CEO ” says, “Oh, he’s fine and never raises any problems,” and then you get on another board at 250,000 and that’s an important part, how in the world is that independent? I mean, I really, just an observation

    They’re just not going to upset the apple cart, because what they’re — and I’d probably behave the same way in the same position. I mean, if $250,000 a year is important to you, why in the hell would you behave in a way that’s going to cause your CEO to say to the next CEO, “This guy acts up a little bit too much. You really better get somebody else.” It’s the way it works

    - Warren Buffet

    (As of 2026, Buffet’s estimated net worth stood at $145.9 billion)




  • They are social-liberals. They believe a competitive market economy is required to have a sustainable healthcare and welfare system. They believe in climate change but they don’t want extreme measures. They prefer slow measures such as banning plastic or encouraging electric cars. They support Ukraine. They sent aid to Palestine and imposed sanctions on Israeli settlers but don’t believe the problems of the Middle East can ever be fixed by outsiders. They support nuclear technology. They support legal abortion. They oppose death penalty.

    Leftists see Renaissance as right-wing / extreme-right.

    The extreme-right sees them as leftists.