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The chief investment officer has ultimate decision making power to approve or reject trades. If he wanted his firm to invest in VMWare, it was going to happen.
by hongspike 2y ago
The chief investment officer has ultimate decision making power to approve or reject trades. If he wanted his firm to invest in VMWare, it was going to happen.
- rexer 2y agoThe stock purchase occurred in 2015. Hoeft wasn't CIO until 2021 it seems: https://www.dodgeandcox.com/financial-professional/us/en/news-and-firm-updates/2021/dodge-and-cox-announces-investment-leadership-and-committee-changes.html https://www.dodgeandcox.com/financial-professional/us/en/new...
- blackeyeblitzar 2y agoHe also does not have ultimate decision making power. The article notes that all decisions by their investment committee were a group vote.