Re:SUSE to Go Private
by lmm on Thursday August 17, 2023 @08:22PM
(#37170080)
> When Warren Buffet bought Berkshire Hathaway in 1962, he rapidly turned it from a failing textile company into a monster.
It's not like he improved their textile business. He took the name as a shell for his investment activities.
> Not private equity exactly, but he personally bought up 51% of the shares.
That's the opposite of the "without the pressure of public markets" situation though. He was doing quarterly reporting and answerable to shareholders (in some ways more answerable than a CEO who doesn't own the majority of shares - there are specific protections for minority shareholders).
It's not like he improved their textile business. He took the name as a shell for his investment activities.
> Not private equity exactly, but he personally bought up 51% of the shares.
That's the opposite of the "without the pressure of public markets" situation though. He was doing quarterly reporting and answerable to shareholders (in some ways more answerable than a CEO who doesn't own the majority of shares - there are specific protections for minority shareholders).