GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Buffett Alerts Managers to Temptation of `Accounting Gimmicks'

October 10, 2006
Billionaire investor Warren Buffett told senior managers at Berkshire Hathaway Inc. to resist the temptation to use ``accounting gimmicks'' to manipulate earnings as U.S. regulators broaden their probe into stock options backdating.

Buffett, 76, urged his executives to ensure their actions are legal and would be acceptable if printed on the front page of a newspaper, according to a memorandum dated Sept. 27 and published yesterday on the Web site of the Financial Times.

Read the complete story

By Adrian Cox, Oct. 10 (Bloomberg)

Rating: 0.0/5 (0 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership