Warren Buffett: "finally, I've got a full-time job."
Warren Buffet announcement that he is resigning from the board of Gilette has caused outsiders to speculate whether is something wrong at either Gilette or at Berkshire Hathaway that needs his attention but both parties claim otherwise, according to this New York Times story (registration required):
"Ten years ago he had about 15 C.E.O.'s directly reporting to him," Mr. Miles said. "Today, there are about 50. They still don't have any regularly scheduled meetings with Warren and if they want to communicate with him, they have to initiate the call. There are just more people to deal with, more demands on his time."
In the last five years, Mr. Buffett has bought 21 companies, including Dairy Queen. This year his acquisitions include Fruit of the Loom, which had filed for bankruptcy protection; Garan Inc., the maker of Garanimals children's clothing; and the Northern Natural Gas Company, a pipeline company.
...At Berkshire's headquarters in Omaha, Deborah Bosanek, Mr. Berkshire's assistant, said that while he was not available for an interview, he did want to add one comment. And, as is often the case, he did so with tongue firmly in cheek. "With all these acquisitions," Ms. Bosanek quoted Mr. Buffett as saying, "finally, I've got a full-time job."