From Page 2 of AXP's "Notice of Annual Meeting of Shareholders To Be Held April 27, 1998":
"In connection with obtaining the approval of the Board of Governors of the Federal Reserve System to acquire up to 17% of the outstanding voting share of the Company, Berkshire and the Company have entered into an agreemenmt (effective for such time as Berkshire owns 10% or more of the Company's outstanding voting securities), and Berkshire has made commitments to the Board of Governors, designed to ensure that Berkshire's investment in the Company will at all time be passive. Pursuant to an additional agreement, so long as Berkshire owns 5% or more of the Company's voting securities and Harvey Golub is the Company's Chief Executive Officer, Berkshire and its subsidiaries will vote all Company common shares owned by them in accordance with the recommendations of the Board of Directors of the Company. Subject to certain exceptions, Berkshire and its subsidiaries will not sell Company common shares to any person who owns more than 5% of the Company's voting secruties or who seeks to change the control of the Company without the consent of the Company."
Page 2 of this notice also states that Buffett owned 49,456,900 AXP shares, or 10.6% of AXP, as of 12/31/97 (same as at 12/31/96). I think the above statement on Page 2 of the proxy statement is definitive proof that Buffett has already or plans to signficantly boost his AXP stake from 10.6% to 17%. I believe that if you want to purchase more than 15% of a publicly traded company, you must obtain permission from the Federal Reserve Board to do so -- and, apparently, Buffett has received this permission and has had to reveal his plans to buy more AXP to the entire world in the process.
Of course you have to ask the EPA when you want to use the toilet... Haven't you heard of the 2 gallon shitter? Haven't you heard of the "black market" for crappers? Haven't you heard of the throne smugglers from Canada?
WAKE UP and be "objective" man, it's fucking over.