Things don’t go well for aging, angry, long-term, uber-liberal Senators when they try to go after billionaires.
Elizabeth Warren discovered that as she tried to lecture Elon Musk about his tax bill, and Bernie Sanders found it out this week after sending a letter to Warren Buffett.
Sanders reached out to Buffett regarding a strike going on at Special Metals, a subsidiary of Buffett’s Berkshire Hathaway. Sanders not only criticized Buffett and referenced his low rate of taxes, but he ripped Buffett for not getting involved in the worker’s dispute with management, which has gone on since October. The issue in the strike is wages, as the company planned to limit pay raises to just 1% or 2% for the next few years. The company was also going to restrict vacation time and limit any increases to healthcare premiums.
So, the workers have beef and have walked out. Negotiations stopped in mid-December and aren’t set to return until later in January.
Sanders urged Buffett in the letter to use his status as CEO of Berkshire Hathaway to end the dispute, pay the workers more, and move on.
Buffett basically said “thanks but no thanks” to Bernie, citing Berkshire’s policy of allowing its companies to “deal individually with their own labor and personnel decisions.”
In other words – Buffett lets the individual CEOs of the companies under his umbrella run their companies. Heres’s another excerpt from his letter to Bernie.
“I’m passing along your letter to the CEO of Precision Castparts but making no recommendation to him as to any action. He is responsible for his business.”