{"id":309316,"date":"2010-02-11T22:04:00","date_gmt":"2010-02-12T03:04:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-4231699654854833053"},"modified":"2010-02-11T22:07:17","modified_gmt":"2010-02-12T03:07:17","slug":"financial-times-bnsf-chief-hits-at-short-termism","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/309316","title":{"rendered":"FINANCIAL TIMES: BNSF chief hits at short-termism"},"content":{"rendered":"<p><!-- AddThis Button BEGIN -->By Robert Wright, Transport Correspondent <\/p>\n<p>Published: February 12 2010 02:41 | Last updated: February 12 2010 02:41<\/p>\n<div class=\"ft-story-body\"><script type=\"text\/javascript\" language=\"javascript\"> function floatContent(){var paraNum = \"3\" paraNum = paraNum - 1;var tb = document.getElementById('floating-con');var nl = document.getElementById('floating-target');if(tb.getElementsByTagName(\"div\").length> 0){if (nl.getElementsByTagName(\"p\").length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName(\"p\")[paraNum]);}else {if (nl.getElementsByTagName(\"p\").length == 3){nl.insertBefore(tb,nl.getElementsByTagName(\"p\")[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName(\"p\")[0]);}}}}<\/script><\/p>\n<div class=\"clearfix\" id=\"floating-target\">\n<p>The chief executive of North America\u2019s second-biggest railway company has criticised stock market analysts\u2019 short-termism as he prepares to delist the company following its takeover by Warren Buffett.<\/p>\n<p>Matthew Rose, chief executive of <b><a symbol=\"us:BNI\" href=\"http:\/\/markets.ft.com\/tearsheets\/performance.asp?s=us:BNI\">Burlington Northern Santa Fe<\/a><\/b>, said it could be frustrating dealing with quarterly earnings announcements when the company\u2019s investments were far longer term.<\/p>\n<p><b><a symbol=\"us:BRK.A\" href=\"http:\/\/markets.ft.com\/tearsheets\/performance.asp?s=us:BRK.A\">Berkshire Hathaway<\/a><\/b>, the investment vehicle for Mr Buffett, the world\u2019s most successful investor, announced in November that it was offering cash and shares for the 77.4 per cent of BNSF it did not already own. The deal, <a class=\"bodystrong\" title=\"FT - Buffett bets $27bn on US\" href=\"http:\/\/www.ft.com\/cms\/s\/0\/6078eb54-c87a-11de-a69e-00144feabdc0.html\">Mr Buffett\u2019s biggest-ever takeover<\/a>, values BNSF at $44bn.<\/p>\n<p>The deal is due to go through on Friday after shareholders on Thursday voted overwhelmingly to accept the offer.<\/p>\n<p>Mr Rose said BNSF\u2019s locomotives lasted 20 years and trackwork 30 to 40 years, but analysts lacked a long-term perspective.<\/p>\n<p>\u201cThat\u2019s something our country really has lost sight of,\u201d he said after the shareholder meeting.<\/p>\n<p>Mr Buffett tended to see the wider picture beyond an individual quarter\u2019s results, he said.<\/p>\n<p>\u201cThis team will always be very performance-driven and we will be looking to put up great numbers in terms of running these assets,\u201d Mr Rose went on. \u201cBut we will not be worried necessarily about an individual quarter.\u201d<\/p>\n<\/div>\n<\/div>\n<p class=\"textBodyBlack\"><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41rcIrKhYiL._SL75_.jpg\" alt=\"The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\">The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)<\/a> by <span class=\"by\">Benjamin Graham<\/span><br \/>Buy new:        $14.95       \/ Used from:        $11.44<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0471743674\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51hqcX1xLtL._SL75_.jpg\" alt=\"The Warren Buffett Way, Second Edition\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0471743674\">The Warren Buffett Way, Second Edition<\/a> by <span class=\"by\">Robert G. 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Matthew Rose, chief executive of Burlington Northern Santa Fe, said [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-309316","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/309316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=309316"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/309316\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=309316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=309316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=309316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}