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Warren Buffet’s RV debate rages on in Texas

Warren Buffet’s RV debate rages on in Texas

TEXAS — 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 Inc. are debating and weighing, reports an article in My Statesman.

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 Inc.

State law prohibits a motor vehicle manufacturer from also owning dealerships, even if the vehicles aren’t of the same type. owever, the law defines a “manufacturer” as someone “affiliated with” a manufacturer or “controlled by” a manufacturer.

Find the full article at My Statesman.

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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