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McDonald Gets No Boost from Buffett

Berkshire Hathaway is a seller of P&G stock.

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By: TOM BRANNA

Editor

It’s one thing for a billionaire hedge fund manager to lose confidence in your company. But what happens when the world’s biggest investor is a net seller of your shares?


In an interview on CNBC today, Berkshire Hathaway Chairman Warren Buffett noted that Procter & Gamble Chief Executive Bob McDonald is a “terrific human being” but the company’s earnings have been disappointing for some time. He added that while he had no knowledge of the goings-on in the P&G executive suite, he has been selling P&G shares to fund other purchases.


McDonald has been under pressure in recent weeks after Bill Ackman, founder of the Pershing Square hedgefund, purchased less than 1% of P&G stock, yet began calling for a personnel shakeup at the world’s largest consumer products company.

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