How to Get a CEO Ousted

New NetJets Chief Executive Adam Johnson just might be the most effective letter writer in the country. The 44-year-old executive has twice in six years written letters to Warren Buffett, the owner of the fractional jet-ownership company, suggesting that he can the CEO — and twice gotten the billionaire investor to act, according to the New York Post.

Johnson was instrumental in not only toppling Jordan Hansell in recent weeks, but also took a lead role in pressuring Buffett’s Berkshire Hathaway in 2009 to replace NetJets founder Richard Santulli, a source with direct knowledge of the situation told The Post.

“This is coup No. 2,” the source noted.

Johnson’s latest “Dear Warren” letter came earlier this year as he resigned as NetJets president effective on May 1.

“He sent a letter to Buffett saying he was dissatisfied with the direction of the company,” a source at NetJets said.

The letter must have found a receptive ear in Omaha.

In recent weeks, Berkshire Hathaway’s Tracy Britt Cool, who helps Buffett manage Berkshire’s troubled companies, was spotted around NetJets offices, two sources said.

Read more: The New York Post


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