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German finmin criticizes Volkswagen management over bonuses: paper

April 30, 2016 by · Leave a Comment 

Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. “I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and then defend their own bonuses in a public debate,” Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. “That shows that something is not working….

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German finmin criticizes Volkswagen management over bonuses: paper

omaha-nebraska

Buffett defends Berkshire’s Coke stake, warns on BNSF

April 30, 2016 by · Leave a Comment 

Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking to tens of thousands of shareholders at Berkshire's annual meeting in Omaha, Nebraska, Buffett and Vice Chairman Charlie Munger also touched on many other issues including the 2016 U.S. presidential election, the risks of derivatives, and big losses at…

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Buffett defends Berkshire’s Coke stake, warns on BNSF