Post by account_disabled on Mar 6, 2024 9:00:01 GMT
Berkshire Hathaway is a multinational that recently invested nearly $30 billion in wind turbines and infrastructure. The purpose: turn Nebraska into the wind capital of the world.
Its change from energy to renewables is Chile Mobile Number List a reflection of the responsibility of each of the companies that make it up.
Given this, Warren Buffet, one of the largest investors in the world, tells the Financial Times that he invests in wind energy only because the government paid him to do so: "We wouldn't do it if there wasn't an income tax credit." production".
According to the newspaper, University of Chicago economist Milton Friedman wrote 50 years ago that "the social responsibility of companies is to increase their profits." Until recently, that view was strongly held, from business schools to corporate boards.
Warren Buffet has stood out not only for being a millionaire businessman, but also for his philanthropy.
After creating his wealth for Berkshire Hathaway, Buffett's greatest achievement may be the irrefutable public image he built as the benevolent grandfather of capitalism. "This, according to the Financial Times, gives him the opportunity to say what others only dare to think."
Buffet isn't the only one who thinks that way, Robert Shillman, president of industrial sensor company Cognex, used the company's latest annual report to say: "I want to express my concern about this trend of attacking our free enterprise system and our businesses.
He disagreed with “the surveillance of companies… particularly with regard to environmental, social and corporate governance (ESG) issues.”
For him, asset managers are overstepping their voting power — granted by investment fund investors — if they pressure their companies to include ESG criteria when making business decisions.
If you ask fund investors: do you want the board of directors and managers of your companies to spend time and energy on environmental, social or corporate governance issues, or do you prefer that they spend all their time and energy on increasing the value of your shares? I'm very sure that an overwhelming number of them would choose the latter.
Robert Shillman, president of industrial sensor company Cognex
Buffett has a simpler vision for improving society. He thinks it is government policy, not capitalism, that should drive change. He used the example of Berkshire's remaining coal-fired power plants.
It would be a mistake to invest on that basis because its directors are only agents of the shareholders.
Warren Buffet.
« If people want us to destroy our coal plants, our shareholders or the consumer are going to pay for that. You can argue that unfortunately, the consumer pays, but the problem is that they pay if they live where a utility generates 50% of its power from coal. If they are in another area, they don't pay for that. Therefore, there is a cost to someone… the question is how is it absorbed. The government has to assume the duty of modifying the market system ," said Buffett.
Its change from energy to renewables is Chile Mobile Number List a reflection of the responsibility of each of the companies that make it up.
Given this, Warren Buffet, one of the largest investors in the world, tells the Financial Times that he invests in wind energy only because the government paid him to do so: "We wouldn't do it if there wasn't an income tax credit." production".
According to the newspaper, University of Chicago economist Milton Friedman wrote 50 years ago that "the social responsibility of companies is to increase their profits." Until recently, that view was strongly held, from business schools to corporate boards.
Warren Buffet has stood out not only for being a millionaire businessman, but also for his philanthropy.
After creating his wealth for Berkshire Hathaway, Buffett's greatest achievement may be the irrefutable public image he built as the benevolent grandfather of capitalism. "This, according to the Financial Times, gives him the opportunity to say what others only dare to think."
Buffet isn't the only one who thinks that way, Robert Shillman, president of industrial sensor company Cognex, used the company's latest annual report to say: "I want to express my concern about this trend of attacking our free enterprise system and our businesses.
He disagreed with “the surveillance of companies… particularly with regard to environmental, social and corporate governance (ESG) issues.”
For him, asset managers are overstepping their voting power — granted by investment fund investors — if they pressure their companies to include ESG criteria when making business decisions.
If you ask fund investors: do you want the board of directors and managers of your companies to spend time and energy on environmental, social or corporate governance issues, or do you prefer that they spend all their time and energy on increasing the value of your shares? I'm very sure that an overwhelming number of them would choose the latter.
Robert Shillman, president of industrial sensor company Cognex
Buffett has a simpler vision for improving society. He thinks it is government policy, not capitalism, that should drive change. He used the example of Berkshire's remaining coal-fired power plants.
It would be a mistake to invest on that basis because its directors are only agents of the shareholders.
Warren Buffet.
« If people want us to destroy our coal plants, our shareholders or the consumer are going to pay for that. You can argue that unfortunately, the consumer pays, but the problem is that they pay if they live where a utility generates 50% of its power from coal. If they are in another area, they don't pay for that. Therefore, there is a cost to someone… the question is how is it absorbed. The government has to assume the duty of modifying the market system ," said Buffett.