When Warren Buffett, one of the richest and most successful men on the planet, endorses the work you're doing, well, praise doesn't get much higher than that. In the case of embattled General Motors' CEO Mary Barra, we're sure Buffett's approval of her handling of the ignition switch recall is a nice change from the public criticism she's received since the scandal erupted.

Buffett, valued at $65.7 billion according to Forbes, told CNBC that Barra is in a "hotseat" but added that it's "not a hotseat of her own making." Buffett's company, Berkshire Hathaway, owns a $1.4 billion stake in GM.

According to CNN Money, meanwhile, Buffett called Barra, the first woman to run a major automaker, "dynamite." Buffett also told reporters that, "You couldn't have a better executive" at GM's helm, before adding that she's handled the recall well.

Take a look below for video from CNN Money of Buffett's remarks on GM.


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  • 14 Comments
      Arizonarelax
      • 7 Months Ago
      Really? I was pulling for her as well, but she knew about all the lies. But from Buffet's perspective of investments and maintaining donations to "propaganda party -of do what we say regardless of how the American public feels", it is understandable. This is all political for the party that lives in the moment. Oh yea people, died. But, "what does it matter?" My eyes have seen the glory ....
      TOM ADDY FOODS B
      • 7 Months Ago
      more Barra garbage from autoblog
      Bernard
      • 7 Months Ago
      He's just protecting his money. :-\
        Cayman
        • 7 Months Ago
        @Bernard
        I think you're mixing the cause and effect. He's not supporting her because he has money in GM, he has money in GM because he supports her. If he didn't believe in her, he'd find a way to get his money out of there. Its ridiculous how good Buffet is with evaluating companies and management teams.
          Bernard
          • 7 Months Ago
          @Cayman
          I hope so, but I am still unconvinced of Ms. Barra and her "new GM." I love the Corvette and the new Cadillacs, and even the new Buicks, but this whole ordeal makes wonder if "new GM" is really just old GM with lipstick. I think I'll know the answer to that in year.
          msspamrefuge
          • 7 Months Ago
          @Cayman
          ". . .this whole ordeal makes wonder if "new GM" is really just old GM with lipstick. . ." It is in a sense. No matter how what the lawyers said in court, a company of GM's size, scope, and circumstance can't completely divest itself of its organizational past. Much of the current leadership rose to power in the midst of its toxic culture's cultivation and persistence, so the White House leveraging out the latest of a long line of participants and enablers wasn't going to and ultimately didn't fix it overnight. Some Conservatives didn't want federal intervention even if it resulted in GM being forced to shut down and liquidate because there would be little incentive to address these faulty elements, which would bring the company back to the brink of failure in due time. Not asserting that I agree or that this is where the company is absolutely headed, but I'm not surprised by these developments either.
      ffelix422
      • 7 Months Ago
      who gives a rats-a$$ about what warren buffet thinks. why is he even in this conversation?
      lrx301
      • 7 Months Ago
      Barra to Buffet: " Can you put some money on GM stock? The last thing we need is lip service".
      express2day
      • 7 Months Ago
      I don't see what has been so great about Barra's handling of the situation so far. I think she's been mediocre at best and deserved a lot of the criticisms she's received.. It's easy to come in as a new CEO and make promises for change after the fact. It will be interesting to see how this continues to play out.
      Orion798
      • 7 Months Ago
      It's so odd. No one seems the least but concerned that the gentleman in question appears to have dyed his hair metallic fuchsia.
      Lou
      • 7 Months Ago
      Does Buffet have interest in GM? I wonder for his comment.
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