Warren Buffett Saved Media General: Don't Dismiss Berkshire In A Fight Over Its Future |
| September 29, 2015 | September 2015 Bond Updates |
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Last week Forbes wrote a column explaining why Warren Buffett had no say in a Bank of America shareholder vote on CEO Brian Moynihan's chairmanship despite Berkshire Hathaway's de facto position as the bank's largest shareholder from warrants it acquired when loaning the company $5 billion during a 2011 cash crunch. Because Berkshire owns billions worth of Bank of America preferred shares and Buffett is yet to exercise his common stock warrants, he isn't a voting shareholder with sway over the firm's corporate matters. |
| View more at: http://www.forbes.com/sites/antoinegara/2015/09/28/warren-buffett-saved-media-general-dont-dismiss-berkshire-in-a-fight-over-its-future/ |
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