Tesco Chairman to Leave as Accounting Missteps Hit Profit

The video discusses Warren Buffett's regret over his investment in Tesco, which has faced significant financial issues due to overstated profits. Tesco's market value has dropped, and the company is under investigation by the Financial Conduct Authority. Key management changes are occurring, with Richard Broadbent stepping down. Despite these challenges, Berkshire Hathaway remains a major shareholder, and the trading profit has significantly decreased, leading to further financial strain.

What did Warren Buffett recently describe as one of his biggest investment mistakes?

• Investing in Tesco

• Selling Apple shares

• Investing in cryptocurrencies

• Buying too much gold

How much did Tesco overstate its profits by?

• 300 million pounds

• 150 million pounds

• 263 million pounds

• 200 million pounds

Which authority is investigating Tesco?

• Bank of England

• Financial Conduct Authority

• Securities and Exchange Commission

• Federal Reserve

Who is stepping down from their position at Tesco?

• The COO

• The Chairman

• The CFO

• The CEO

By what percentage did Tesco's trading profit fall in the first half of the year?

• 30%

• 25%

• 41%

• 50%