The bank last fall said that its employees opened up 2 million bank accounts without customer approval to meet unrealistic sales goals.
The Oracle of Omaha, who is according to Forbes is worth an estimated $74billion, says he blew it by not buying up shares of Google and Amazon when their stock price was a fraction of what it is today.
- Berkshire Hathaway Chairman Warren Buffet, 86, and his Vice Chairman Charlie Munger, 93, fielded questions from analysts, journalists, and shareholders for several hours on May 6 at the company's annual meeting in Omaha.
Berkshire is Wells Fargo's biggest shareholder.
"If you tell me a wonderful company in India that might be available for sale, I'll be there tomorrow", he said. I know a lot of the challenges, " he said in an interview.
Buffet rightly explained during Berkshire Hathaway's annual meeting on Saturday that if driverless cars do become extremely widespread, it will only be due to their high safety relative to passenger vehicles.
Buffett is least excited by driverless cars and trucks, saying they pose a threat in many ways.
He said the current 35 percent corporate tax rate was "not much" of a competitive disadvantage for US companies, despite Trump's push to slash it to 15 percent. "We don't like that and we shouldn't use your money that way for a long period of time", he said at the meeting.
Ann Coulter a no-show at raucous but peaceful Berkeley rally
Officials at UC Berkeley said last week they feared renewed violence on campus if Coulter followed through with plans to speak. The speech was supposed to be heavily protested with threats of violence from anarchists and other leftist groups.
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With 8 points from 9 games, KXIP are placed fifth while RCB after 8 defeats from 11 games are at the bottom of the heap. The chase was set by Narines whirlwind knock of 54 that came off 17 balls with six fours and four sixes.
Global Journalist: Venezuela's Other Crisis - Drug Trafficking
Although the police and the National Guard prevented demonstrators from reaching the Interior Ministry, no violence was reported. Worldwide pressure on Maduro to hold elections is continuing to escalate amid his call for a constitution rewrite.
The meeting also included discussions about Berkshire's succession plans, its controversial partnership with Brazilian firm 3G Capital, and whether it will start paying dividends or make a monster acquisition.
Buffett said the bloody removal of a 69-year-old passenger from a United Express plane in Chicago was obviously "a bad mistake".
"We should try to hit both objectives, to make sure there is not roadkill and 320 million people get the benefits of free trade", Buffett said.
"That's cost people a lot of money at Berkshire", he said.
But the billionaire said on CNBC television that the incident did not undermine his investment strategy, in which his Berkshire Hathaway Inc BRKa.N became the largest investor in the airline's parent, United Continental Holdings Inc UAL.N . He said one of the most important qualities his successor will need is a talent for wisely investing Berkshire's cash.
Warren Buffett is quietly installing a new set of leaders throughout Berkshire Hathaway Inc.
We tend to agree with Mr. Buffett and we're not alone.
The executives who run Berkshire subsidiaries look forward to the meeting just as the shareholders do. "We do view Apple and IBM differently - Apple more of consumer business, IBM has more to do with products".