Berkshire Hathaway

Stories 41 - 60 | << Prev   Next >>

Buffett: Sokol's Stock Purchases 'Inexcusable'

But he takes some responsibility for Berkshire Hathaway controversy

(Newser) - In his first public comments since announcing David Sokol’s resignation one month ago, Warren Buffett called the actions of his one-time heir apparent “inexplicable and inexcusable.” At yesterday’s shareholders meeting, Buffett also took some responsibility for the controversy surrounding Berkshire Hathaway’s acquisition of Lubrizol Corp....

Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Berkshire board issues scathing report on Sokol dealings

(Newser) - Warren Buffett's former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire's board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol's deception and says...

In Buffett Heir Apparent's Past: More Shadiness

Critics come out of the woodwork for ousted Berkshire exec

(Newser) - David Sokol’s sudden resignation —and the scandal that accompanied it—shocked the business world last week, but this isn’t the first time Warren Buffett’s ex-heir apparent's ethics have been questioned. Just last year, a judge rebuked Sokol for accounting irregularities at MidAmerican Energy, the company he...

Ex-Buffett Lieutenant: I Did Nothing Wrong

But in hindsight, David Sokol says, he shouldn't have mentioned company

(Newser) - David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer...

Buffett's Heir Apparent Resigns Under Cloud

David Sokol steps down amid questions over stock buy

(Newser) - A Berkshire Hathaway executive once seen as the likeliest successor to billionaire investor Warren Buffett has abruptly resigned. David Sokol—who ran Berkshire subsidiaries including MidAmerican Energy and NetJets—says he is quitting to devote more time to philanthropy. His resignation, however, comes amid controversy over Sokol's acquisition of thousands...

Buffett: Beware 'Overpriced' Social Networking Sites

Oracle of Omaha will stick to his usual investments, thank you

(Newser) - Warren Buffett says he's just itching to make another big deal for his beloved Berkshire Hathaway, but you won't catch him frothing over the slew of initial public offerings expected in the tech world, reports Bloomberg . “Most of them will be overpriced,” said Buffett. "It’s extremely...

Warren Buffett: 'My Trigger Finger Is Itchy'

Berkshire boss looking for another big acquisition

(Newser) - Warren Buffett says he's looking to pull off another major deal on the scale of last year's big railroad purchase . "We're prepared," he writes in his closely watched annual letter to Berkshire Hathaway shareholders. "Our elephant gun has been reloaded, and my trigger finger is itchy."...

Warren Buffett's Greatest Investments

Coke and American Express have made him a bundle

(Newser) - Warren Buffett is one of the United States' greatest rags-to-riches stories. Once a whiz kid from Omaha, Buffett is now one of the world's wealthiest men. Here are some of the investments that got him there, from 24/7 WallSt .
  1. Coca-Cola: Buffett bought his first shares of Coke in 1988. By
...

Buffett Flags 39-Year-Old as Likely Successor

Todd Combs handed portion of $100 billion investment portfolio

(Newser) - When Warren Buffett eventually steps away from Berkshire Hathaway, the title of chief investment officer will likely go to a 39-year-old named Todd Combs. The little-known hedge fund manager effectively became Candidate No. 1 after Berkshire made the surprise announcement that he would oversee part of its $100 billion investment...

Warren Buffett: Cut Taxes, But Not for the Rich

Billionaire slams tax system, Wall Street 'casino' pay

(Newser) - Finance wiz Warren Buffett believes taxes should be cut—but not for him or other wealthy Americans. The 80-year-old investor, speaking at the Most Powerful Women summit in Washington, said it's absurd how he pays the lowest rate of tax of anybody in his office, including the cleaning lady, CNN...

Warren Buffett Lunch Snags $2.6M

Anonymous bidder sets record in charity auction

(Newser) - Warren Buffett's status as an oracle seems intact. An anonymous bidder will pay $2.6 million to have lunch with the chief of Berkshire Hathaway, topping the 2008 record of $2.1 million, reports Monsters & Critics . Buffett auctions off the lunch every year on eBay, with proceeds going to...

Warren Buffett, You Should Be Ashamed

His testimony on the meltdown is a PR disaster

(Newser) - Warren Buffett made a fool of himself on Capitol Hill yesterday, declares Felix Salmon. Forced to testify about the financial meltdown, he denied any culpability in the mess—never mind that he was the largest shareholder in Moody's. "From a PR point of view," writes Salmon at Reuters...

Buffett: I 'Love' Goldman Investment

Oracle gets behind Blankfein at shareholder meeting

(Newser) - Warren Buffett has no plans to sell Berkshire Hathaway's stake in Goldman Sachs as the investment bank fights civil fraud charges, saying today that he "loves" his $5 billion investment because it generates 10% interest a year. The Oracle of Omaha spoke today during Berkshire's annual shareholders meeting—but...

Warren Buffett to Sound Off on Goldman Sachs

Berkshire Hathaway honcho promises 'extensive' remarks

(Newser) - Goldman Sachs might want to brace itself. Warren Buffett, who just happens to be one of the firm's biggest investors, is ready to “fire at will” during the Berkshire Hathaway shareholders meeting this weekend, the Wall Street Journal reports. “I expect to get multiple questions about Goldman,”...

Buffett Lobbies Dems to Soften Derivatives Rule

And he may succeed in getting current contracts exempted

(Newser) - Warren Buffett, the guy who once called derivatives “financial weapons of mass destruction,” is now lobbying Democrats to soften their restrictions on derivatives in the upcoming financial reform bill. It seems they would, as presently written, hurt his bottom line. Berkshire Hathaway has $63 billion in derivatives, the...

Buffett Bets on Baby Boomers Drinking Wine

Berkshire subsidiary pays top dollar for distributor

(Newser) - Warren Buffett, who watchers had expected to buy a beer distributor, made a recent bet on wine instead, reports Business Insider, in a move that reflects the drinking habits of aging baby boomers. A subsidiary of Buffett’s Berkshire Hathaway has a deal in place to buy Empire Distributing, a...

Most Respected Companies

Apple heads the list, and Citigroup is dead last

(Newser) - Barron's has released its annual list on an admittedly squishy subject—how the world's largest 100 companies rank in terms of "respect." Two American firms showed up in the bottom 10: Bank of America at 93 and Citigroup dead last at 100. Here are the top 10...

Investors Scramble for Stock in Buffett

Frenzy builds as Berkshire Hathaway joins S&P 500 today

(Newser) - Warren Buffett’s renowned Berkshire Hathaway joins the S&P 500 today, and just about everyone wants a piece of it. Millions of ordinary Americans who in the past couldn’t afford the company’s high-priced shares will now be able to get on board, either through an index fund,...

Stock Split Means You Can Afford Buffett Shares
Stock Split Means You Can Afford Buffett Shares
66 bucks
Jan 20, 2010 2:31 PM CST

Stock Split Means You Can Afford Buffett Shares

Shareholders approve price cut; shares now $66

(Newser) - Berkshire Hathaway shareholders approved a 50-for-1 stock split today, making shares of Warren Buffett's company affordable for a wider range of investors. The price of Class B shares will drop from $3,300 to $66. Class A shares, which confer stronger voting power, remain a princely $101,700.

Buffett: 'Financial Panic Is Behind Us'

He sounds optimistic note at Columbia University forum

(Newser) - Warren Buffett says the worst is over. "The financial panic is behind us," he declared at Columbia University. The Berkshire Hathaway chief acknowledged that the US economy "still is sputtering some," but he sounded a bullish note on investment opportunities around the globe. While he gave...

Stories 41 - 60 | << Prev   Next >>