When people bought these funds, they bought them because they wanted me to manage the funds, not the directors.
Management can focus on one business. From a psychological standpoint as well as from a practical standpoint it's a positive move.
Would I like to have a man like Buffett on the board? You bet. But can I blame him for going off? Not at all. But Buffett, with the amount of shares he owns, will still have an influence.