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The CEO of a Berkshire Hathaway-owned company was canned by Warren Buffett after treating himself to a Bermuda trip on the company's dime, the New York Post reports citing sources familiar with the matter.
Benjamin Moore's CEO Denis Abrams took the trip with a group of employees to celebrate the paint maker posting its first quarterly sales increase since 2007, sources told The Post.
The paper also reports that there were already worker complaints against Abrams before his ouster.
Anyway, here's how he was booted after his vacation.
From The Post:
Whether or not because of worker complaints, a half-dozen Berkshire officials descended on Benjamin Moore’s North Jersey headquarters last Tuesday to give Abrams his walking papers — and escort the CEO from the building, sources said.
"[Abrams] kept asking what he’d done wrong," according to an insider briefed on the ouster. "[Berkshire officials] told him to clear his stuff out while they stood and watched every move he made."
Oof!
We put in a call to Benjamin Moore for further comment. When we tried Abrams' office we were told he was not there. We'll update this post when we hear back.
Benjamin Moore CEO Denis Abrams Ousted By Berkshire Hathaway - Business Insider
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