Tuesday, June 26, 2012

Buffett’s Margaritaville memo: Execs may walk plank

The boat that sank one of Warren Buffett’s top execs has been identified, and some of his crew may still get thrown overboard.

Denis Abrams — who, as exclusively reported by The Post, was canned as CEO of Berkshire Hathaway’s Benjamin Moore unit this month — chartered an extravagant cruise off Bermuda in a yacht called The Lady Charlotte, The Post has learned.

“Abrams had a lot of his ‘yes men’ on that cruise who were responsible for a lot of what has gone wrong,” one former exec groused. “They can’t turn it around without clearing those ranks.”

Read more: http://www.nypost.com/p/news/business/margaritaville_memo_execs_may_walk_naYGVaYYmtR5Ob2ssOl0FM#ixzz1yv1dr6mp

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