Evidence receipt / commitment
Published · transcript-backedDavid Rosenthal: commitment
12 May 2021 Acquired Berkshire Hathaway Part II
“We won’t admit that we did it, but if we did do it, we won't do it again. Most importantly, Warren and Charlie agree to start taking steps to "simplify" this complicated rat's nest structure of companies that they have.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 12 May 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part II
Transcript context
…It’s like no admission of guilt, but we also won't do it again. We won’t admit that we did it, but if we did do it, we won't do it again. Most importantly, Warren and Charlie agree to start taking steps to "simplify" this complicated rat's nest structure of companies that they have. Right off the bat, they finally merged Diversified into Berkshire, which they had wanted too anyway. By this point, Diversified owns a large chunk of Berkshire shares. Charlie gets installed as the Chairman of Wesco to be more arm's length than Warren. They make it a gold and merge Blue Chip into Berkshire as soon as all of the remaining legal suits wind up and settle here. That actually takes a while, but it finally does happen in 1983. Wow. That really took a while then.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.