Warren would be sued by a stockholders group if he did not do this.

Reader comment on: Another Tax-Efficient Buffett Deal

Submitted by Lyle (United States), Nov 13, 2014 16:43

Once again the confusion between the individual and the business he runs. Of course this is an old problem, I have read that back in the 1870-1890 time frame folks thought that Jay Gould if he agreed would behave that way in all his companies, not that an agreement was with a specific railroad and not with all railroads that he ran. Back then the difference between the exec and the company was new, but its not now. If Buffet did not do his best to minimize the taxes BH pays, then he could be sued by stockholders for not fulfilling his fiduciary duty, just like after mergers there are often suits alleging the board could do better.

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