Buffett: A moral dilemma for Goldman Sachs shareholders

At the time of the 2008 financial crisis, Mr. Buffett took the plunge and spent 5 billion of billions of dollars on Goldman Sachs, a strong shot at the faltering U.S. capital markets and lucrative profits for his Berkshire Hathaway.　　Bonuses of $500 million a year, according to Buffett's own account, will pay Berkshire 15 dollars a day when the second hand ticks. Goldman's "fraud-gate" scandal has also dragged Mr. Buffett into a moral whirlpool. After all, Buffett is a symbol of America's business conscience, but he is now implicated in Wall Street greed and betrayal of investors ' interests.　　Goldman Sachs ranked fifth in the rankings of the 60 largest companies in the United States on April 5, the Harris Interactive Company (harrisinteractive). Buffett's investment must have been for profit, but his reputation for profitability is certainly not what Mr Buffett wants. At the 2010 Berkshire shareholders ' meeting, in the opening video, Buffett would not have a meaningful broadcast of his 1991-year rescue of Wall Street investment bank Salomon's warning: "If the company lose money, I can understand, but if the company's reputation damaged, then I will be ruthless." "But for Goldman, things could be a little more complicated. Buffett and Goldman Sachs have always been "hardcore" among Wall Street firms. Just this March, Mr. Buffett praised Goldman Sachs for "very, very solid business"; If a similar financial crisis were to happen again, he would still invest in Goldman Sachs, and as Mr Blankfein, Goldman Sachs CEO, said: "You can't find a better manager than him." Buffett himself said that he knew every head of Goldman Sachs since more than 30 years ago, and that much of Berkshire's business was done through Goldman Sachs, which helped create the current Berkshire.　　Goldman Sachs has always regarded Mr. Buffett as "one of his own", and this time Goldman Sachs met with a "fraud gate" and faced a wave of protests from Washington and civil unrest, and Mr Blankfein asked Buffett for advice on how to deal with such hair-trigger tensions. Thus, for Goldman Sachs, which is now "rat, smack", Buffett chose to "abandon" or "force", which is the biggest aspect of the 2010 Berkshire shareholders ' meeting.　　At the conference, Mr. Buffett said he supported Goldman Sachs Group 100%. Asked whether he had become the "extraordinary period" director of Goldman Sachs as chairman of Salomon.　　Buffett said he wants Mr Blankfein to continue to run Goldman Sachs, "My choice is to continue to manage the Goldman Sachs, this year, next year, and the next 10 years, and I have nothing to improve." Mr. Buffett's old partner, Berkshire's vice-chairman, said that if he were a member of the SEC, he would vote against a lawsuit against Goldman Sachs, whereas the "massive" number of other company CEO Biblankfein needed to be adjusted. As for Goldman SachsDeep in the public relations crisis, in his view, Goldman Sachs did not have any illegal things, but engaged in "socially unpopular" activities. At the shareholder meeting, Buffett Miroto, the following is also applause and laughter echoes. But on the Goldman issue, no matter how much Mr Buffett jokes, shareholders seem to be reacting flat.　　This is not bizarre, after all, now everyone hates the financial crisis, but also naturally hate the financial crisis the originator of the Wall Street giants. Mr Buffett, who has a reputation for Goldman Sachs, is certainly betting on its own reputations, and that Goldman can finally pull through. Of course, in the face of America's unanimous attack on Wall Street, he is also mindful of the need to pull away from Goldman Sachs. At the shareholders ' meeting, he made room to say that he "liked the investment" and that he would not vote against Goldman against the SEC's charges, but "if things get worse, we will continue to look at them." "Buffett's choice to stand with Goldman is understandable. Allis Schroeder, the author of the "Snowball" biography of Warren Buffett, said that Buffett was actually the client, "as long as he is an investor, he must maintain these investments". The reputation of Goldman Sachs has been tarnished, and Berkshire, the investor, is one of the losers, and Buffett is clearly unwilling to see such a result, and he is willing to pay a moral price to help Goldman. But for Goldman Sachs, in the current embattled, still have Buffett this business "moral conscience" support, also be unfortunate lucky.