Buffett Watch

Buffett postgame: It's 'human' for CEOs to overreach

Buffett: Human for CEOs to think they have more power than they do

Warren Buffett said he's not surprised that some CEOs are overreaching.

Asked about his comment during Saturday's Berkshire Hathaway shareholders meeting that some chief executives are "operating outside of their circles of competencies," Buffett said, "It's very human when you're at the top of an organization to start thinking you have more powers than you do. And I'm probably guilty of that myself."

He wouldn't, however, name any other names.