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Warren Buffett Calls for Accountability in Banking Crisis

Warren Buffett Calls for Accountability in Banking Crisis

by Starling Insights

Starling Insights Editorial Board

May 12, 2023

Observations
Personal Liability & AccountabilityThe Era of AccountabilityCulture & ConsequencesCulture & Conduct Supervision

Warren Buffett, the billionaire investor and CEO of Berkshire Hathaway, has called for leaders of failed banks to face punishment.

The "CEO and directors should suffer" when banks get into trouble, Buffett argued. Otherwise, it "teaches the lesson that if you run a bank and screw it up, you're still a rich guy, the world still goes on."

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