US officials should bargain like Warren Buffett when they strike bailout deals, investor Bill Ackman says

REUTERS/Rick Wilking Public officials should bargain like Warren Buffett when they bail out big companies, billionaire investor Bill Ackman said on The Knowledge Project podcast. "The government shouldn't come in on terms that are more favorable than where Warren Buffett would provide the company with capital," the Pershing Square Capital chief said. Companies that spent billions on share buybacks may not deserve a handout, Ackman said. "The government should earn an adequate return on that capital and get equity upside if the business recovers," he said. "It shouldn't be free money by any means." Visit Business Insider's homepage for more stories. Public officials should drive as hard a bargain as Warren Buffett when they bail out big companies, billionaire hedge fund manager Bill Ackman said in the latest episode of The Knowledge Project podcast. "The government shouldn't come in on terms that are more favorable than where Warren Buffett would provide the company with capital," the Pershing Square Capital boss told host Shane Parrish. The "big four" US airlines, bleeding cash as authorities restrict travel and people stay at home to slow the spread of coronavirus, are set to receive billions in government loans and grants. President Donald Trump The post US officials should bargain like Warren Buffett when they strike bailout deals, investor Bill Ackman says appeared first on Asset Management - How To Asset Manage. Seoul, Korea
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