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By Jason Stipp | 03-04-2010 05:06 AM

Executive Sweets (and Sours)

Morningstar markets editor Jeremy Glaser on Buffett's medicine for CEOs, a supreme perk at Domino's, and some amusement out of Cedar Fair's latest pitch.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to the Friday Five. It's Executive Suite Week here on the Friday Five. We're going to look at back at five sweet--and sour--management-related news stories from the past week.

Joining me as always with the Friday Five is Morningstar markets editor, Jeremy Glaser. Jeremy, thanks for joining me.

Jeremy Glaser: Always a pleasure.

Stipp: So what do you have for the Five this week?

Glaser: Warren Buffett released his annual letter. Wal-Mart raised its dividend. Domino's is having some interesting plane issues in our Footnote of the Week. Health care takes a step forward thanks to the executive branch. And finally, we'll take a look at a FUN SEC filing.

Stipp: I always like to go to Omaha, so let's hear what Buffett had to say.

Glaser: In his annual letter, where he always has some interesting tidbits, Warren Buffett talked a lot about how CEOs that are rewarded so handsomely for doing well, also need to be punished when things don't go so well. There seems to always be a retention bonus, and you always get a gold parachute, even if the company basically dissolves in front of you.

He thinks that CEOs need to take responsibility for the actions of their companies. He holds the CEOs of his subsidiaries to that standard, and I think it's something that he'd want to see happen across the entire economy.

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