Please ensure Javascript is enabled for purposes of website accessibility

Why Did Warren Buffett Shut Down This Business?

By Matt Koppenheffer – Feb 21, 2014 at 5:11PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Buffett steps in on Business Wire’s practices.

Warren Buffett is usually hands-off when it comes to the companies operating under Berkshire Hathaway's (BRK.A -1.82%) (BRK.B -1.76%) umbrella, but the Oracle of Omaha decided to step in and shut down a controversial practice at Business Wire.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Buffett's decision.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

Berkshire Hathaway Stock Quote
Berkshire Hathaway
BRK.A
$468,700.00 (-1.82%) $-8,702.98
Berkshire Hathaway Stock Quote
Berkshire Hathaway
BRK.B
$310.57 (-1.76%) $-5.58

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.