Larry Cunningham, professor at George Washington University and celebrated author, just shared some enlightening thoughts on the unsolicited Kraft-Heinz bid for Unilever. Larry sums up his concerns as follows:
…Berkshire could simply supply half the capital and cede all management and operational decisions to Jorge Lemman and the other 3Gers, and be a passive investor staying true to Berkshire values. But if Berkshire keeps going down that road, it is going to slowly sacrifice what has made it great and special. Then I would worry about the Berkshire-Buffett legacy.
Background on Larry and Berkshire: Watch Larry’s interview with Scott Phillips.