Billionaire investor Warren Buffett admitted he doesn't like to say no to corporate boards when it comes to compensation plans, but does he have an obligation to speak up?
"Mr. Buffett's doing a disservice if he is on a board or as large shareholder isn't pushing back to get the most out of management," attorney Stuart Grant told CNBC's "Power Lunch" on Thursday.
In a live interview with CNBC on Wednesday, Buffett admitted that he sometimes has a hard time saying no to pay plans at company board meetings.
"Taking on a (compensation) committee is a little bit like belching at the dinner table... You can't do it too often. If you do, you find you're eating in the kitchen pretty soon."