Last Saturday the New York Times op-ed page featured this piece by columnist Joe Nocera.
Buffett Bites Back
The first Saturday in May is always a great day for Warren Buffett. That’s the day his conglomerate, Berkshire Hathaway, holds its annual meeting in Omaha.
Thousands of shareholders descend on the city — there were more than 30,000 last year — where they eat ice cream at Dairy Queen (one of Berkshire Hathaway’s holdings), shop at Borsheims (the Omaha jewelry store Berkshire has long owned) and dine at Gorat’s and Piccolo’s (Buffett’s favorite restaurants) . . .
I wonder, though, if anyone attending this year’s meeting is going to ask him about his decision to abstain from voting Berkshire Hathaway’s 400 million shares against Coca-Cola’s equity compensation plan, even though Buffett felt the plan was, in his own words, “excessive.”
In the piece Nocera claimed Buffet flopped around like a sea bass on the (non)vote in a series of media interviews (but not with the Times scribe), until finally the Mutual Man of Omaha “having had a few days to lick his wounds . . . went on the offensive with Fortune [magazine].”
Thus, the “bites back” of the headline.
But apparently Buffet bit back at the Times, because this appears at the bottom of Nocera’s column today.
Who’s licking whose wounds now, eh?