Buffett attacks US ‘executive greed’

ONE of the best known names in US investment management, Warren Buffett, has launched a high profile assault on executive greed in the US.

Buffett called on the 10,000 shareholders attending the Berkshire Hathaway annual general meeting to openly rebel against the levels of pay to senior US executives.

Speaking at the group's AGM, Mr Buffett, one of the richest men in the US, said in his chairman's address there had been more misdirected compensation in corporate America in the past five years than in the previous century.