Earlier this month, Denis Abrams, CEO of Berkshire Hathaway-owned Benjamin Moore was fired, because, one story claimed, he'd arranged a "corporate trip to Bermuda on the company tab," which included an "island dinner cruise aboard a yacht some believed was owned by singer Jimmy Buffett." According to Warren Buffett, however, that is a bald-faced lie and any suggestion otherwise is downright offensive. Abrams was fired over a "strategy disagreement" and, more importantly, Buffett would never can anyone for mixing it up on a booze cruise, a point he cannot stress enough, in case anyone out there was considering not inviting him to their next bash. In case you hadn't noticed, Nebraska is landlocked and there is nothing WB loves more than knocking back a few while strolling the deck and mentioning to other 'cruisers that "the water is freezing and there aren't enough lifeboats-- not enough by half. [pause] I'm just kidding, let me buy you another drink."
"The recent story coupling a top management convocation on a boat with the decision to make a management change at Benjamin Moore is completely false," Mr. Buffett wrote in the letter. "I had never heard of the boat trip prior to reading about it in the paper on June 14. There was no reason for you to let me know about the meeting and, if you had, I would have had no objection to it at all.