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by hongspike 702 days 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.
2 comments
rexer 702 days ago
The stock purchase occurred in 2015. Hoeft wasn't CIO until 2021 it seems:

https://www.dodgeandcox.com/financial-professional/us/en/new...

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blackeyeblitzar 702 days ago
He also does not have ultimate decision making power. The article notes that all decisions by their investment committee were a group vote.
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