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Your Money: Why you need time, money to serve on a volunteer board

July 26, 2017 By Chris Taylor NEW YORK (Reuters) – For many of us, the notion of being on a board of directors seems like the pinnacle of capitalist dreams. Meet a few times a year, stay at a luxury hotel, offer some pithy business advice, and cash a check. What is not to like? For volunteers on nonprofit boards, though? Life is very different indeed. Just ask Kelly Shikany. The financial planner from Chesterton, Indiana, had “prestigious” visions of board life swimming in her head, perhaps involving hanging out…

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Buffett: United made ‘terrible mistake’ with dragged passenger – CNBC

May 8, 2017 By Jonathan Stempel (Reuters) – Warren Buffett said on Monday that United Airlines made a “terrible mistake” in handling the fallout after a man was forcibly dragged off a United flight, a bloody confrontation that sparked global outrage. But the billionaire said on CNBC television that the incident did not undermine his investment strategy, in which his Berkshire Hathaway Inc became the largest investor in the airline’s parent, United Continental Holdings Inc . The April 9 episode caught on video showed David Dao, a doctor, being pulled…

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Buffett says deal partner 3G follows ‘standard capitalist formula’: CNBC

May 8, 2017 (Reuters) – Warren Buffett said on Monday 3G Capital, its controversial partner on multiple transactions, follows a “standard capitalist formula” when it sweeps away thousands of jobs and imposes deep expense cuts to make the companies it buys more efficient. Speaking on CNBC television, Buffett said, “It’s a defect of mine” that he doesn’t focus as closely on the efficiency of business units at Berkshire Hathaway Inc , the conglomerate he has run since 1965. Berkshire and 3G control Kraft Heinz Co and recently tried to merge…

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