Go do something useful, Warren Buffett tells bank CEOs
The banking crisis seems to have been averted. And unless the banks report extremely negative results, most experts probably agree that it is definite. And so it is time to deal with the consequences. Specifically, the legendary billionaire wants to address them quite forcefully!
One of the most famous investors and one of the biggest names in the investment world thinks that the people responsible for the collapse of the banks should be punished significantly more for their mistakes. Especially the CEOs of those institutions.
His call comes after a series of problems in the sector in recent months, with the collapse of Silicon Valley bank $SIVB and later the closure of Signature Bank. Buffett wants the CEOs of failed banks to be held accountable in the future - specifically, to be forced to return the pensions they earned while in office. In his words, he believes that CEOs should be forced to return five years of their lucrative…