Buffett's Support of Beleaguered Colleagues

Few individuals have offered as much, without regard to political correctness. Examples:

"Berkshire Hathaway Inc. Chairman Warren Buffett praised Maurice 'Hank' Greenberg, the ousted chief executive of American International Group Inc......Greenberg "developed an extraordinary company in his lifetime," Buffett said yesterday at Berkshire's annual meeting of shareholders in Omaha, Nebraska. Greenberg...was "the number one man in insurance," he said"
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aGh_OPpEs3_4&refer=home-redirectoldpage
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"We only want to link up with people whom we like, admire, and trust. John Gutfreund at Salomon, Colman Mockler, Jr. at Gillette, Ed Colodny at USAir, and Andy Sigler at Champion meet this test in spades."
http://www.monitorinvestimentos.com.br/download/The%20Essays%20Of%20Warren%20Buffett%20-%20Lessons%20For%20Corporate%20America.pdf
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While this was earlier, we'll recall he stuck by Gutfreund longer than almost anyone else.
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“I should declare right off the bat I’m a friend of Hank’s. I admired him before he took the job, I admire him a lot more after the job he’s done as Secretary of the Treasury."
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Of course he stood by Brandon at Gen Re as long as he possibly could, despite enormous pressure.
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Among numerous business examples:
Buffett held onto the textile business longer than he should have - shutting textile operations only after his loyal and long-time manager Ken Chase eventually decided to retire. He just wasn't going to shut the place down on Chase, regardless of the cost, and waited he waited just a short but respectable time after Chace left before doing the deed.
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Buffett was absolutely on character. As Arnold will certainly attest, Buffett will speak his mind as he sees it, without regard to public mood or sentiment.
http://www.highbeam.com/doc/1G1-107255191.html