And you think we, the consumer, are better off with Warren Buffett?
IMO: Warren Buffett used the government to take control of Pilot Oil. You can't convince me the government gives 2 hoots about some poor guy with 1 truck that didn't get his discount. They want him gone anyhow. There were some big dollars exchanged with politicians to make that flap happen IMO. A few middle management people got the short end of the stick and I hate that for them.
I know this, prior to the Warren Buffett purchase of Pilot Oil our Kentucky Governor used to regularly file charges against them for price gouging. Right now here Pilot is 35 Cents a gallon higher on diesel than the other stations and not 1 word said about the new Democrat owner.
Dude, get an F-150 Lightning.
I don’t think Warren Buffett gives one crap about your politics, or those of the Haslams, or the Claytons, or See’s Candy, or the Board of Coca Cola or Costco. Hell, one of the Haslams was the Republican Governor of Tennessee when the purchase was made.
I think Buffett does care that those companies are all managed efficiently and making money, which is why BH invested with them in the first place, and why they remain invested.
Did BH take advantage of the bad publicity in the Haywood case to get a good deal on Pilot stock? I’d bet my last dollar that they did. It probably motivated the Haslams, even though they had settled the corporate and civil claims several years before to the tune of ~$200 million. But, that’s business. I wish I could recognize and capitalize on opportunity so well.
Additionally, I do think that the US Attorney’s Office does investigate allegations of price fixing - even through the use of discounts - when they are widespread and reported by multiple sources. That wasn’t one guy with a truck in this case, it was $56 million bucks worth of pricing fraud over many years and customers. 14 - FOURTEEN!! - employees pled guilty to criminal charges and three were convicted by an East Tennessee jury - not just Knoxville hipsters.
I’ll put my faith in a jury’s funding to recognize when a crime’s been committed and needs punishment. Hell, trusting each other is the bedrock of our constitution.