Thursday May 24, 2012
BOARDROOM JOURNAL

It’s the Economist, Stupid

Warren Buffet’s hypothetical musings ring true.

Jeff Cunningham

Jeff Cunningham

They don’t call him the Oracle of Omaha for nothing. At the recent Berkshire Hathaway annual meeting, Warren Buffett’s quip about the uncertainty of global financial markets providing a good reason to keep cash on hand proves the point. He closed with “Who knows what can happen, maybe Ben Bernanke will run away with Paris Hilton tomorrow.” Even as humor, some may have thought that was a reach. This was one week prior to the downfall of former IMF Chairman Dominique Strauss-Kahn.

Jeffrey M. Cunningham is a frequent speaker and writer on governance topics and the boardroom. He is managing director and senior advisor to NACD and has served as a director or chairman of 10 public company boards.

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