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Article: Allen and Buffett: Two Greedy Guys.(Politics&Opinions)(Editorial)
- Article from:
- The New York Observer (New York, NY)
- Article date:
- February 7, 2000
CopyrightCOPYRIGHT 2000 The New York Observer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NYO Staff
To understand the Coca-Cola Company's recent, senseless decision to fire 20 percent of its work force, thereby dumping 6,000 employees and their families out on to the street, one needs to understand the real Warren Buffett and the real Herbert Allen Jr. These two investment gurus, who are worth $40 billion and $1 billion respectively, were the members of Coke's board of directors who orchestrated the blood bath. Hoping to get a pop of a few dollars in the price of Coke stock, Mr. Allen and Mr. Buffett demonstrated a stunning insensitivity to the lives of those affected. Did these billionaires really need the money? Previously known as a ...