ClaimsWarren Buffett

“We issue no lottery tickets that carry payoffs unrelated to business performance.”

Warren Buffett, Berkshire chairman 2007 Berkshire Hathaway 2006 Letter to Shareholders (Berkshire Hathaway) archived copy

Factual Economics and markets

Berkshire issues no incentive payoffs to CEOs that are unrelated to the business performance they control.

Own records only Only the person's or their organisation's own records speak to it, so it is not scored.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Berkshire's internal compensation arrangements with subsidiary CEOs are not publicly itemized.

Cite this claim

Warren Buffett, “Berkshire issues no incentive payoffs to CEOs that are unrelated to the business performance they control.” (said 2007). Verdict: own records only. Reliability API, claim c_e07686f5b96a, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_e07686f5b96a

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Warren Buffett, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Warren Buffett

  1. Mostly true Factual 4 May 2024
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  2. Mostly true Factual 4 May 2024
    “we offered a solution in a couple of days to something that was getting close to the brink.”

    Buffett said Berkshire offered a solution within a couple of days to something in Canada that was getting close to the brink.

  3. Mixed Factual 15 December 2020
    “big businesses, generally have done very well about travel and entertainment”

    Big businesses have generally done very well, with travel and entertainment mentioned in a way the quote leaves unclear, though they still have difficulties.

  4. Mostly true Factual 15 December 2020
    “the big ones have done terrifically”

    Large food manufacturers have done terrifically during the pandemic.

  5. Resolved true Factual 15 December 2020
    “we've shut down a lot of people in this, in this particular induced recession and others are prospering”

    The pandemic-induced recession has shut down many people's businesses while others are prospering.

All of them

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