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Wells Fargo CEO: ‘I’m bullish on housing’

Wells Fargo CEO: ‘I’m bullish on housing’

Wells Fargo CEO John Stumpf says he believes that while the housing market is bouncing back, there are policies that can ensure recovery.

 

Warren Buffett wants his MTV

Warren Buffett wants his MTV

http://money.cnn.com/video/investing/2012/11/15/investing-buffett-viacom.cnnmoney/

Berkshire Hathaway upped its stake in Viacom. Separately, earnings beat forecasts. But sales were down and Viacom’s stock has lagged rivals.

 

Warren Buffett – How Should a CEO Be Compensated?

Berkshire has about 70 CEOs that he has to manage. How does he keep them motivated and in sync with his interests? The best thing to do is to work with people who are already 95% of the way there. He makes the sole compensation decision. In his career, he has never had anyone leave him to go work for a competitor. He doesn’t believe in making earnings projections. If you do that, then people will tend to cheat. There are businesses that are capital intensive, and there are businesses in which capital doesn’t matter. There are different compensation packages based on the different economics involved with the different businesses. One thing that Buffett never does is to move the target around year by year.

 

Wells Fargo CEO: “What I’ve Learned Since Business School”

Dick Kovacevich, chairman of Wells Fargo, reflects on the lessons he has learned in the 40 years since he left business school. He also describes the management principles that he has used to guide Wells Fargo up to and through the financial crisis.