Buffett has blasted arrogance, bureaucracy, and complacency as “corporate cancers” that can destroy large organizations.
— Read on www.businessinsider.com/warren-buffett-bill-melinda-gates-foundation-ceo-abcs-philanthropy-dangers-2021-7
Buffett noted in the letter that he structured his company to minimize red tape. Berkshire’s decentralized web of autonomous subsidiaries, underpinned by a culture of trust, acts as the “ideal antidote to bureaucracy,” he said.