Friday, January 20, 2017

Buffett Says He Supports Trump’s Cabinet Picks ‘Overwhelmingly’


At Bloomberg by by Amanda L Gordon and Noah Buhayar

Warren Buffett said he “overwhelmingly” supports President-elect Donald Trump’s choices for cabinet positions as the incoming commander-in-chief’s selections face confirmation hearings in the U.S. Senate.

“I feel that way no matter who is president,” the billionaire Berkshire Hathaway Inc. chairman and chief executive officer said Thursday in New York at the premiere of a documentary about his life. “The CEO -- which I am -- should have the ability to pick people that help you run a place.”

Trump’s cabinet picks include Treasury Secretary nominee Steven Mnuchin, a former Goldman Sachs Group Inc. banker; former Exxon Mobil Corp. CEO Rex Tillerson as secretary of state; and retired Marine Corps General James Mattis as Defense secretary.

Since the election, Buffett has struck a more conciliatory tone toward Trump and called for unity. In an interview with CNN in November, he said that people could disagree with the president-elect, but ultimately he “deserves everybody’s respect.”

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