Bill Ackman Once Asked A $700 Million Question To Warren Buffett On Leverage. The Oracle Of Omaha's Response Shows Where He Places Trust When He Invests In A Company

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What Happened: At the 1994 Berkshire Hathaway annual meeting, Ackman, then a young hedge fund manager, raised a critical question about Salomon Brothers.

Bill Ackman once sought insights from Berkshire Hathaway's chairman Warren Buffett about the investment appeal of the Salomon Brothers.

The Oracle of Omaha praised the efforts of Salomon’s leaders, including Deryck Maughan, Bob Denham, and John McFarlane, who navigated the company through challenging times without prior discussions on compensation or guarantees.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Bill Ackman Stories That Matter People In Tech Benzinga neuro Tech Benzinga News Warren Buffett Salomon Brothers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 12:00:15 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 24581544

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