AOC stands with Buffett: CEO net worth should take a hit if bailout given
‘Many [CEOs behind the financial crisis] still have influential roles in shaping the economy today. But we’re the crazy ones for wanting to tax ’em, right?’ Rep. Alexandria Ocasio-Cortez That’s a snapshot of a Saturday tweet from Rep. Alexandria Ocasio-Cortez and it’s not the first time, nor likely the last, that the Democratic congresswoman will call out corporate influence in politics, executive compensation, and where they intersect.
The freshman New York lawmaker, who considers herself a Democratic Socialist though gets labeled as a Socialist much of the time, was retweeting a CNBC article capturing how Buffett told the room of shareholders at his annual Berkshire Hathaway BRK.A, -0.51% BRK.B, -0.66% retreat that if a bank needs a government bailout, the responsible CEO should lose their net worth.
The possibility of malfeasance at one of his companies, or within Berkshire, has been one of his biggest dreads, Buffett admitted in early May.
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