{"id":183,"date":"2012-06-17T00:00:00","date_gmt":"2012-06-17T00:00:00","guid":{"rendered":"https:\/\/empowernetwork.com\/freedomwithpeter\/warrenbuffetfiresceo\/"},"modified":"2026-08-02T04:21:46","modified_gmt":"2026-08-02T04:21:46","slug":"warrenbuffetfiresceo","status":"publish","type":"post","link":"https:\/\/empowernetwork.com\/freedomwithpeter\/warrenbuffetfiresceo\/","title":{"rendered":"Warren Buffet Fires CEO"},"content":{"rendered":"

Overture: <\/strong>
\nHave fun while listening to the tracks chosen as the soundtrack to Today\u2019s
\n\u201cEmpowering Freedom with the Empower Network<\/a>\u201d
\nBlogs.<\/p>\n

Real people, helping real people\u2026.<\/span><\/p>\n

Hi There, Friends of Freedom:<\/strong><\/strong><\/p>\n

As is my custom, I was sitting with my morning beverage today<\/p>\n

looking through the investment and investor news<\/p>\n

getting a handle on what the media might be talking about<\/p>\n

that would spook my clients and de-rail them from the plans<\/p>\n

we have put together to ensure that:<\/p>\n

1. The family is properly protected in the event that they would \u201cdie too soon\u201d<\/strong><\/p>\n

2. They are moving out of the \u201cdebt cycle\u201d in order to get into the \u201ccash cycle\u201d, and<\/strong><\/p>\n

3. They are on the road to financial freedom, and will never have to worry about \u201cliving too long\u201d<\/strong><\/p>\n

The following post<\/p>\n

Warren Buffett Fires CEO For Taking Island Vacation On Company\u2019s Dime<\/h2>\n

found me. Hmmm\u2026 I had to learn more.<\/p>\n

The Huffington Post <\/span> wrote<\/p>\n

It\u2019s sad to say, but true: Even Warren Buffett fires people.<\/p>\n

After Denis Abrams, CEO of Benjamin Moore \u2014 a company owned by Buffett\u2019s Berkshire Hathaway \u2014 used company money to take his corporate staff on a getaway to Bermuda to celebrate the company\u2019s first quarterly sales increase in years, Buffett fired Abrams, the New York Post<\/em> reports. The island getaway allegedly included a dinner cruise aboard a yacht that some vacation attendees believed was owned by singer Jimmy Buffett.<\/p>\n

Abrams isn\u2019t the first CEO to be fired for an outlandish use of company money. Former Kmart CEO Charles Conway was fired from the retailerThen there\u2019s ex-Lotus CEO Dany Bahar. After he allegedly used company money to refurbish his homes, Bahar was told to take a hike, according to the Washington Post.<\/p>\n

For some of Benjamin Moore\u2019s lower-level employees, the level of top-tier extravagance likely annoyed. That\u2019s because some in the company reportedly contended with layoffs and pay freezes as the company faced slow sales in recent years, according to the NYP<\/em>.<\/p>\n

Buffett himself is known both for living a hokey lifestyle well below his means, striking a notable contrast with Abrams\u2019 conspicuous behavior. Buffett has also come to champion causes like raising taxes on the rich. In August of last year, the Berkshire Hathaway CEO penned an op-ed in The New York Times<\/em> arguing that the super-rich should pay taxes at a rate that\u2019s the same or higher than that of middle class Americans.<\/p>\n

\u2026<\/p>\n

Warren Buffett Fires CEO For Taking Island Vacation On Company\u2019s Dime<\/h2>\n

Related Media<\/strong><\/h3>\n

1. Warren Buffet Quotes(article)
\n2. Warren Buffet ACcording To Wikipedia (article)
\n3. Federal Investigators Probing Kmart\u2019s Finances (article)
\n4. <\/p>\n