Yes.
(BTW, I own a few Class B shares and am a big fan of Warren Buffett).
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Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
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Our state and federal constitutions prohibit any legislative action that retroactively changes prior existing for the obvious reason that no one could trust in any contract that could be changed by the whim of government. If Berkshire had no prior obligation, it is constitutionally protected now.
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