How Warren Buffett Got Through to Bank of America CEO Brian Moynihan

How Warren Buffett Got Through to Bank of America CEO Brian Moynihan

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Business

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The transcript recounts a story about Warren Buffett's unexpected call to invest $5 billion in a company during a time of economic uncertainty in 2011. Despite the company's initial reluctance, Buffett emphasized the need for stability and capital. His investment had a significant impact, boosting company morale and offering shareholders a unique opportunity. The story highlights Buffett's courage and financial acumen.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the timeline of the investment agreement from the first call to the money transfer.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the common shareholders experience on the day of the investment?

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