While some have said that Berkshire Hathaway's businesses could be more profitable if the conglomerate were to split, Berkshire Hathaway's chairman and CEO Warren Buffett told CNBC's Becky Quick on Monday he thinks it would actually be bad for business. While some have said that Berkshire Hathaway’s businesses could be more profitable if the conglomerate were to split, Buffett said that would actually be bad for business. “You can have spinoffs … you cannot dispose of the entire business without having very substantial tax liabilities,” he said. “It would not produce a gain. Having them together, however, produces very valuable synergies.”
“There would not be a profit if we were simply to announce that over the next 24 months you could come in and buy any business we had and we would sell to the highest bidder,” he added.
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