Warren Buffett Fires CEO for vacation..
It's sad to say, but true: Even Warren Buffett fires people.
After Denis Abrams, CEO of Benjamin Moore -- a company owned by Buffett’s Berkshire Hathaway -- used company money to take his corporate staff on a getaway to Bermuda to celebrate the company’s first quarterly sales increase in years, Buffett fired Abrams, the New York Post reports. The island getaway allegedly included a dinner cruise aboard a yacht that some vacation attendees believed was owned by singer Jimmy Buffett.
Abrams isn't the first CEO to be fired for an outlandish use of company money. Former Kmart CEO Charles Conway was fired from the retailer after he renegotiated his salary several times, at one point scoring a $5 million "retention loan," as the company was headed towards bankruptcy, ABC News reports. Then there's 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.
http://www.huffingtonpost.com/2012/06/15/warren-buffett-denis-abrams_n_1600382.html#s1103185&title=1964_Investment_In
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