Warren Buffett and the 3G Takeover Attempt of Unilever: The Importance of Looking at the “Bigger Picture”
In today’s post, the focus will be on something more existential than is usually the case here in Financial Regulation Matters . In what is, perhaps, an indulgence, today’s post will look at the recent comments made by legendary investor Warren Buffett regarding the failed takeover attempt of Unilever by Kraft-Heinz and its partner 3G. Buffet spoke in relation to the criticism that is being directed towards the practices of 3G – particularly regarding its ‘predatory’ behaviour and its penchant for cutting costs by any means necessary, as was previously discussed in Financial Regulation Matters – to which he responded that 3G was only following a ‘ standard capitalist ’ approach. In light of this, we will take a closer look at the story, but then expand the discussion to a call for the need to consider systemic issues, like Buffett does, rather than have our vision clouded by micro-issues. There is little need to review the whole process of Kraft-Heinz’s failed takeover attemp