
Warren Buffett and his investing partner Charlie Munger took fresh swipes at the bloat inside corporate America Saturday, suggesting companies could get by with fewer employees, less meetings and a reduced set of paperwork. "We know where we stand," Buffett said. "We don’t do unnecessary things around Berkshire." He added: "A lot of stuff that’s done at big companies is unnecessary." The comments came in the midst of a more than five-hour Q&A session, the centerpiece of Berkshire Hathaway's annual meeting. More than 40,000 shareholders descend on the company's hometown of Omaha each spring for what Berkshire describes as a "gloriously capitalistic weekend."
