Warren Buffett: If a bank needs a government bailout, the CEO and spouse should lose ‘net worth’


(From CNBC)

“If a bank gets to where it needs government assistance, the responsible CEO should lose his net worth and his spouse’s net worth,” Buffett said at Berkshire’s shareholders meeting. Whenever a situation like this arises, “it’s the shareholders who pay.”

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Reprinted from: https://www.ac2news.com/2019/05/warren-buffett-if-a-bank-needs-a-government-bailout-the-ceo-and-spouse-should-lose-net-worth/

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