Billionaire investor and Berkshire Hathaway (NYSE:BRK.A) chairman and CEO Warren Buffett said on Monday he doesn’t think the company should stop doing business with firearm owners.
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“I don't think that Berkshire should say we're not going to do business with people who own guns. I think that would be ridiculous,” Buffett said during an interview on CNBC.
Some companies have severed ties with the National Rifle Association (NRA) following the shooting at Marjory Stoneman Douglas High School in Parkland, Florida, on Valentine’s Day, which killed 17 people. Delta Air Lines (NYSE:DAL) and United Airlines (NYSE:UAL) are some of the most recent big-name corporations to ends their partnerships with the gun rights advocacy group.
BlackRock (NYSE:BLK), the largest shareholder in gunmakers Sturm Ruger & Company Inc. (NYSE:RGR) and American Outdoor Brands Corp. (NASDAQ:AOBC), announced last week it would speak with weapons manufacturers and distributors “to understand their response” to the school shooting.
“You have to be pretty careful if you're saying that you're not going to fly on this airline because of that or we're not going to use this railroad because of that stuff,” the Berkshire executive said.
Buffett added that while business leaders should not push their personal views on their companies, they should individually “very much express their views.”
"I don't believe in imposing my views on 370,000 employees and a million shareholders. I'm not their nanny on that," Buffett said.