Buffett: CEOs should pay for lapses
Should the CEO be the ultimate risk manager (risk management news) at a company? In his annual letter to shareholders, which had good news about earnings at Berkshire Hathaway, Warren Buffett (Warren Buffett news) wrote, "In my view a board of directors of a huge financial institution is derelict if it does not insist that its CEO bear full responsibility for risk control." Article
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