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You're right to criticize Buffett...his recent moves are *exactly* the types of moves that illustrate inequal access to *public* trading of equities. If the companies in question don't want to be publicly listed, they should go private. Otherwise, no sweetheart deals -- you need $3B in capital, you make those same terms available at retail to anyone who wants in. Period. I would assume that the deals as they were, are nonetheless subject to shareholder approval? Boards are dysfunctional...I'm starting to like Icahn's "shareholder rights" movement more and more!
Oct 20 12:02 pm
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