Buffett Beats Corporate Bloat

Warren Buffett and his investing partner Charlie Munger took fresh swipes at the bloat inside corporate America Saturday, suggesting companies could get by with fewer employees, less meetings and a reduced set of paperwork. "We know where we stand," Buffett said. "We don’t do unnecessary things around Berkshire." He added: "A lot of stuff that’s done at big companies is unnecessary." The comments came in the midst of a more than five-hour Q&A session, the centerpiece of Berkshire Hathaway's annual meeting. More than 40,000 shareholders descend on the company's hometown of Omaha each spring for what Berkshire describes as a "gloriously capitalistic weekend."

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