Sunday, July 25

Bureaucracy

Berkshire Hathaway, Bill & Melinda Gates Foundation, Bureaucracy, corporate strategy, Management, Mark Suzman, Markets, MI Exclusive, Philanthropy, Warren Buffett

Warren Buffett warned the Bill & Melinda Gates Foundation’s CEO about the’ABCs.’ The investor has flagged those threats before

Warren Buffett and Bill Gates. Reuters/Jason Lee Warren Buffett warned the Bill & Melinda Gates Foundation's CEO about the "ABCs" last year. The investor sees arrogance, bureaucracy, and complacency as major threats to large organizations. Buffett, who has gifted $33 billion to the foundation, once called the ABCs "corporate cancers." See more stories on Insider's business page. Warren Buffett told the CEO of the Bill & Melinda Gates Foundation that the greatest threats to the philanthropic behemoth were cockiness, red tape, and self-satisfaction. The billionaire investor and Berkshire Hathaway CEO, who has gifted a total of $33 billion to the foundation and resigned as its trustee in June, has warned about those forces in the past.Mark Suzman took charge of the Gates Foundation ...