Warren Buffett Watch
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- 'Buffett Rule' Introduced in Senate But Passage Unlikely Amid GOP Opposition
- Warren Buffett Matching Illinois Teen's $300 Deficit Donation
- Warren Buffett Defends His Secretary From 'Ridiculous' Attacks
- Does Warren Buffett's Secretary Really Make Over $200,000?
- Warren Buffett's Secretary 'Excited' About State of the Union Role
- Warren Buffett Offers Millions in Deficit Donations, If ...
- Warren Buffett Sings and Plays Ukulele for Chinese New Year
- Warren Buffett Partied With Jay-Z Last Night
- 'Impressed' and 'Delighted' Warren Buffett Matches GOP Rep's Deficit Donations
RSS FEED
MOST SHARED
- Criminal Probe Trail Going Cold at MF Global
- Greek Aid Deal 'Much Better' Than Euro Exit: Summers
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Global Markets Update: Markets Soften After Failure to Clinch Greek Deal
- Bulls Check In to Community Health
- Jobs You Can Do Forever
- Clint Eastwood: Super Bowl Ad Endorses No One
- Bonus Bloodbath as European Banker Backlash Continues
- Clint Eastwood on Chrysler's Super Bowl Ad
- Larry Summers: Greek Needs Access to Euro
- Bank of America’s Worst-Case Scenario Gets More Real
- Tesla Unveils First SUV: Model X
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
- Unusual Volume: Taleo Jumps After Oracle's $1.9 Billion Offer
- Bonus Bloodbath: Europe Banker Backlash Continues
- US Trade Deficit Swells to $48.8 Billion on China Gap
- Stocks Looking Past Europe for a New Driver of the Rally
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- EU Agrees Rules for $700 Trillion Derivatives Market
- The World's Best Beers
- Rep. Bachus Faces Insider Trading Probe: Report
- In Europe, Stagnation as a Way of Life
Warren Buffett: Apple Withheld "Material Fact" On Steve Jobs Health
Text Size 
Executive Producer
 |
AP Steve Jobs |
In a live interview today on CNBC, Buffett backed recent criticism of the company for not immediately disclosing that Jobs received a liver transplant several months ago.
"If I have any serious illness, or something coming up of an important nature, an operation or anything like that, I think the thing to do is just tell the American, the Berkshire shareholders about it. I work for 'em. Some people might think I'm important to the company. Certainly Steve Jobs is important to Apple. So it's a material fact. Whether he is facing serious surgery or not is a material fact. Whether I'm facing serious surgery is a material fact. Whether (General Electric CEO) Jeff Immelt is, I mean, so I think that's important to get out. They're going to find out about it anyway so I don't see a big privacy issue or anything of the sort."
READ THE FULL CNBC INTERVIEW TRANSCRIPT
Buffett's repeated use of the phrase "material fact" indicates he may believe Apple violated the law by not disclosing that Jobs would be having the surgery.
The government defines a material fact as something that a reasonable investor would want to know when making an investment decision, and companies are required to disclose "material" information in a timely way.
Current stock prices:
 |
]Berkshire Class B: [US;BRK.B
Loading...
()
]
Apple: [AAPL
Loading...
()
]
For more Buffett Watch updates follow alexcrippen on Twitter.
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes
