Kraft Heinz Bid For Unilever

I am quoted in the Wall Street Journal on the Kraft Heinz bid for Unilever.

As 3G’s global ambitions have grown, the Brazilian firm has given Mr. Buffett access to new markets and deals he normally wouldn’t do on his own. Unlike Berkshire, which is molded in the image of its folksy chief executive and has a reputation for hands-off ownership, 3G is known for aggressively cutting costs and jobs.

“On the surface, it’s inconsistent,” said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business and a Berkshire shareholder. “But I think from Buffett’s point of view…it’s not Berkshire making these operating decisions.”