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TX: Warren Buffett’s battle over law could hinge on a technicality

(July 18, 2017) -- Is it possible to own a company without controlling it, or even being “affiliated” with it? That’s the fine point of corporate governance state officials and Warren Buffett’s Berkshire Hathaway are debating and weighing, My Statesman reported.

AUSTIN, Tex. — Is it possible to own a company without controlling it, or even being “affiliated” with it?

That’s the fine point of corporate governance state officials and Warren Buffett’s Berkshire Hathaway are debating and weighing.

The issue stems from Berkshire Hathaway’s efforts to maneuver around a state law that has jeopardized the conglomerate’s ongoing operation of nearly three dozen Texas car dealerships because it also owns a company that manufactures recreational vehicles, Indiana-based Forest River, according to My Statesman.

 

Read the full story from My Statesman.

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

One comment

  1. Buffett mat prevail, he has more lawyers and money than the state of TX.

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