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Warren Buffett’s age is the big issue in conflict with CalPERS, says Don Kaufman in Business News segment

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CalPERS, America’s largest state pension fund, wants to remove Warren Buffett as chair of Berkshire Hathaway. CalPERS says that Buffett shouldn’t be CEO and chair at the same time. Don Kaufman, TheoTrade chief market strategist, agrees in this NTD Business News segment. Beside the conflict inherent in one person fulfilling the roles of CEO and chair, Buffett’s age is a big issue not being discussed. “No one wants to mention the obvious fact that he’s 91 years old,” says Kaufman. “His age produces a considerable amount of risk to the underlying shareholders.”

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08.30	OJ & Mac \| Overnight review \| FREE SESSION 08.30 09.20 Don Kaufman \| Early volatility 09.20 10.30
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10.30	Jeff Bierman \| Market structure 10.30 11.30
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14.00	Tony Rago \| Futures Trading 14.00 15.00
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15.00	Blake Young & Mac Holbrook \| Market wrap 15.00 16.00
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