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BUFFETT TO KIN: YOU'RE FIRED
NY Post ^ | 07 September 2006 | By RICHARD JOHNSON with PAULA FROELICH, CHRIS WILSON and BILL HOFFMANN

Posted on 09/07/2006 12:16:24 PM PDT by shrinkermd

September 7, 2006 -- AN infuriated Warren Buffett has renounced one of his granddaughters - telling her she is no longer his relative "legally or emotionally" because she took part in a documentary about the lives of the very rich.

Nicole Buffett, the adopted daughter of Buffett's son Peter and biological daughter of Peter's ex-wife Mary, was featured in Jamie Johnson and Nick Kurzon's documentary, "The One Percent," which debuted at the Tribeca Film Festival this year and is a follow-up to Johnson's "Born Rich."

Enraged that Nicole not only participated in the documentary, but also plugged it on National Public Radio and "Oprah," Buffett wrote Nicole an "angry letter" two weeks ago telling her she was no longer part of his life, a source tells Page Six.

(Excerpt) Read more at nypost.com ...


TOPICS: Culture/Society; News/Current Events; Unclassified
KEYWORDS: are; billionaires; buffet; fired; kid; rich; warrenbuffett; you; yourefired
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His neice was just actualizing what Democrat Buffet has encouraged.
1 posted on 09/07/2006 12:16:30 PM PDT by shrinkermd
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To: shrinkermd

Her estate tax woes?

Gone!


2 posted on 09/07/2006 12:18:03 PM PDT by IncPen (Bush Iraq Truth WMD http://freedomkeys.com/whyiraq.htm)
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To: shrinkermd

He thinks people buy his phony image of just plain Warren who lives in the little house in Omaha.


3 posted on 09/07/2006 12:19:42 PM PDT by DManA
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To: shrinkermd

What did his granddaughter say?


4 posted on 09/07/2006 12:20:59 PM PDT by beaversmom
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To: shrinkermd

This was actually one of those rare Oprah shows I watched. I was rather impressed that Buffet expected his grandkids to earn their own way. I didn't think she said anything bad about him at all. Maybe the movie is different. Guess it was shame on me for thinking a good thought about him based on that show.


5 posted on 09/07/2006 12:22:24 PM PDT by TXBubba ( Democrats: If they don't abort you then they will tax you to death.)
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To: beaversmom

She said he paid for her education but doesn't give the grandkids any money after that.


6 posted on 09/07/2006 12:23:15 PM PDT by TXBubba ( Democrats: If they don't abort you then they will tax you to death.)
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To: shrinkermd

>>>Buffett wrote, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin."

"He was angry Nicole was using the Buffett name to promote herself and said he no longer considered her his granddaughter," our source added. >>>

According to the above paragraph, it sounds like he never did consider her his granddaughter.

Mr. Philanthropist is a real jerk.


7 posted on 09/07/2006 12:23:23 PM PDT by sandbar
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To: beaversmom

Finally someone who isn't concerned about his billions. Bully for her! People with a lot of money get more and more eccentric as they get older. Warren's personal life isn't exactly life as a model citizen. Like Soros, I don't need him to tell the rest of us how to live our lives.


8 posted on 09/07/2006 12:23:36 PM PDT by cmiller623 (Mayor Antonio Villa....or never mind. Los Angeles is doomed!)
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To: shrinkermd

Ahh good old Democrat.. high on ideals.. low on morality.


9 posted on 09/07/2006 12:24:50 PM PDT by Almondjoy
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To: sandbar
he no longer considered her his granddaughter," our source added. >>>

How can he no longer consider her a granddaughter unless he already considered her as one? Uh?

10 posted on 09/07/2006 12:24:53 PM PDT by TXBubba ( Democrats: If they don't abort you then they will tax you to death.)
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To: shrinkermd

Bitter old man ...


11 posted on 09/07/2006 12:24:55 PM PDT by tx_eggman (The people who work for me wear the dog collars. It's good to be king. - ccmay)
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To: DManA

nobody ever mentions his place in Laguna Beach


12 posted on 09/07/2006 12:25:44 PM PDT by npg
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To: shrinkermd

I'm not against being filthy rich. I'm against people that wish to exclude any others from the club.


13 posted on 09/07/2006 12:26:23 PM PDT by sully777 (You have flies in your eyes--Catch-22)
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To: beaversmom

I happened to watch the show as well and his granddaughter was not critical of her cheap grandfather. He is only mad because it showed him for the totally uncaring cold bas$&rd that he really is.


14 posted on 09/07/2006 12:27:14 PM PDT by BubbaBobTX (I wasn't born in Texas but I got here as fast as I could.)
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To: cmiller623; TXBubba

Is he as bad as Soros? I know he's a liberal but I don't know much about him. Speaking of Soros, has anyone read this book by Horowitz:

The Shadow Party: How George Soros, Hillary Clinton, and Sixties Radicals Seized Control of the Democratic Party


15 posted on 09/07/2006 12:27:14 PM PDT by beaversmom
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To: TXBubba
She said he paid for her education but doesn't give the grandkids any money after that.

Then it would seem that being cut off doesn't mean that much.

16 posted on 09/07/2006 12:27:25 PM PDT by My2Cents (A pirate's life for me.)
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To: sandbar

Wow, he's just a rich warm little fuzz ball isn't he? Buffett's probably screwed up his kids and grandkids since it's obvious that his love for them is extremely conditional.


17 posted on 09/07/2006 12:28:38 PM PDT by demkicker (democrats and terrorists are intimate bedfellows)
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To: shrinkermd

Actually he has made a big deal out of how they aren't going to inherit anything anyway, so what is she losing? A guy worth billions can't help his own kin, what kind of guy is he one wonders. From my perspective, the reason we exist is to see to it our offspring have it better than we did, I guess he wants to make it easier for his kids to do that. Whatever...


18 posted on 09/07/2006 12:28:43 PM PDT by wastoute
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To: shrinkermd
Photobucket - Video and Image Hosting
19 posted on 09/07/2006 12:29:03 PM PDT by b4its2late
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To: My2Cents

That was my thought when I read this.


20 posted on 09/07/2006 12:30:49 PM PDT by TXBubba ( Democrats: If they don't abort you then they will tax you to death.)
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To: shrinkermd

I watched the "Born Rich". It was insightful, can't wait to see the follow-up.


21 posted on 09/07/2006 12:31:23 PM PDT by yellowdoghunter (Vote out the RINO's; volunteer to help get Conservative Republicans elected!)
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To: beaversmom

I really don't know that much about him either. I just told the hubby that I thought it was an interesting show. She was not critical of him in any way.


22 posted on 09/07/2006 12:31:46 PM PDT by TXBubba ( Democrats: If they don't abort you then they will tax you to death.)
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To: shrinkermd

I wonder if we'll Stalinize her out of family photos?


23 posted on 09/07/2006 12:32:33 PM PDT by nickcarraway
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To: TXBubba

I didn't see anything wrong with her interview. For some reason I was actually home and flipping channels. I figured the guy from the Johnson family would have been in more trouble.


24 posted on 09/07/2006 12:33:35 PM PDT by art_rocks
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To: shrinkermd

Wow, can Jimmie Buffet be far behind?


25 posted on 09/07/2006 12:33:45 PM PDT by Hegemony Cricket (Free Introspection Classes - Inquire Within)
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To: shrinkermd

I smell lawyers behind this. When Buffet dies, expect Nicole and others to contest distribution of his estate. She's positioning herself for this battle now.


26 posted on 09/07/2006 12:34:14 PM PDT by Bonaparte
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To: wastoute
Buffett is a particularly nasty sort. For many years he said he was giving his billions to abortion operators so they could kill as many as possible.

He's been telling the rest of us that no matter how screwed up his kids get, they'll be a public charge and not on his mealticket.

27 posted on 09/07/2006 12:34:49 PM PDT by muawiyah
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To: shrinkermd

I didn't realize he was such a mean man.


28 posted on 09/07/2006 12:36:21 PM PDT by Past Your Eyes (Some people are too stupid to be ashamed.)
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To: shrinkermd

I guess you could call this a "late life abortion", since WB funds them with foundations. May it turn out to be a great advantage to this brave ex-grandaughter.


29 posted on 09/07/2006 12:36:28 PM PDT by Paperdoll
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Comment #30 Removed by Moderator

To: shrinkermd

Maybe she said she voted for Bush.


31 posted on 09/07/2006 12:37:34 PM PDT by Mannaggia l'America
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To: wastoute
Actually he has made a big deal out of how they aren't going to inherit anything anyway, so what is she losing? A guy worth billions can't help his own kin, what kind of guy is he one wonders. From my perspective, the reason we exist is to see to it our offspring have it better than we did, I guess he wants to make it easier for his kids to do that. Whatever...

The reason he has so dramatically disinherited his offsprings is very simple, given his personality defects:

They have one less reason to want to kill him.

32 posted on 09/07/2006 12:37:40 PM PDT by harrowup (I had a NASsCAR once; better'n the one now, but not the bestest.)
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To: shrinkermd
Gates is doing similar things with his fortune.

A little study of the history of filthy rich familys shows that inherited great wealth is not the boon that most working people would assume it is.

Very wealthy familys are always disfunctional as are their members.

Does anybody envy Paris Hilton's life? Why can't she see that? Do you think the life of the Gettys (for example) was/is a bed of roses?

33 posted on 09/07/2006 12:37:59 PM PDT by Dinsdale
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To: shrinkermd
Tomorrow's headline today:

Buffett to Buffett: Buff Off My Buffet!


34 posted on 09/07/2006 12:39:09 PM PDT by Revolting cat! (c)
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To: DManA
He thinks people buy his phony image of just plain Warren who lives in the little house in Omaha.

I live in Omaha--most of us don't buy it.

35 posted on 09/07/2006 12:40:29 PM PDT by Uncle Vlad (You cannot protect the peoples' civil liberties if you refuse to protect the people.)
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To: sandbar

Since he's donating much of his fortune to the abortion industry maybe he's hoping he can get them to do a late (18yr) term abortion on her.


36 posted on 09/07/2006 12:40:53 PM PDT by marlon
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To: shrinkermd

Man, what a typical limousine liberal asshole. He can dish it out until he's blue in the face, but as soon as he gets some back in his direction he goes bananas.


37 posted on 09/07/2006 12:42:49 PM PDT by jpl (Victorious warriors win first, then go to war; defeated warriors go to war first, then seek to win.)
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To: wastoute
Actually he has made a big deal out of how they aren't going to inherit anything anyway, so what is she losing? A guy worth billions can't help his own kin, what kind of guy is he one wonders.

He paid for her education, so it's hardly true that he never helped her out. People on this forum love to rail againt the "spoiled trust-fund" kids, and now your criticizing him because he never gave his family more?

On the other hand, it's understandable that she would participate in a documentary like that, but this response seems extreme.

38 posted on 09/07/2006 12:42:54 PM PDT by Young Scholar
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To: Bonaparte
I hope you are right. That sick old F$#K. I come from nothing financially. Both my granddads kicked in to help raise us cause my dad was such a sh!t. They didn't really have much at all but really kept us afloat all the time. I have three daughters myself and I save and plan for the future and I'm doing okay. They and theirs will get most of what I amass. Any SOB that doesn't look out for his own is a sorry piece of crap.(end of story.) Yeah that means you Warren Buffett.
39 posted on 09/07/2006 12:43:24 PM PDT by smaug6 (We can't afford to be innocent!! Stand up and face the enemy.)
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To: shrinkermd

Buffett is a jerk. A very weird jerk. I guess Buffett wants to eliminate her as a granddaughter as his son divorced her mother and this is the excuse. The man is extremely stingy with his own family. Sorry, but it's got nothing to do with "values" and everything to do with his strange need for control, etc.


40 posted on 09/07/2006 12:44:39 PM PDT by khnyny (Never in the field of human conflict was so much owed by so many to so few.- Winston Churchill)
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To: sandbar

What a devistating thing for a father to hear his father say to his daughter (adopted or otherwise).


41 posted on 09/07/2006 12:46:41 PM PDT by DManA
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To: beaversmom
One of her comments in the film (from the article) --

    "After we're out of school, we don't get any money from our family . . . Money is the spoke in my grandfather's wheel of life."

This statement could be taken as implying that Buffet is cheap and that money is all he cares about. That could all be true, but it could also explain why Buffet is so incensed at her.

Now that he's gone to the trouble of publicly disavowing her as his granddaughter, conspicuously pointing out that she's never been adopted and is not legally related to him, she is countering that with her own claims. That strongly suggests (at least, to me) that the two of them are positioning themselves for future litigation concerning his estate. Somehow, I don't think their difficulties with eachother are something new.

42 posted on 09/07/2006 12:48:20 PM PDT by Bonaparte
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To: DManA

And BTW I'm pretty sure there's no such thing as legally adopting a granddaughter.


43 posted on 09/07/2006 12:49:16 PM PDT by DManA
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To: shrinkermd
You know, if I were Bill Gate's or Warren Buffet's grandkid and I wasn't going to get anything from them because they were going to give it away, I would start making stuff up about them and none of it would be nice.

Oh, yea, by the way, for those of you who are not financially intuitive, the trust arrangement that Gates and Buffet have engaged in is most likely a tax avoidance scheme similar to that which Jacklyn Kennedy Onassis supposedly put into place upon her death. The trust owns the money but they control who runs the trust. Anyhow, that's my opinion.
44 posted on 09/07/2006 12:49:43 PM PDT by Herakles (Liberals are stone stupid and proud of it!)
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To: Dinsdale
Right ~ disfunctional. The relatives of Jacob Schmiddlapp (who held 100% ownership of Fifth-Third Bank before he died) were left penniless in the Depression. Many of them actually died of illnesses that were readily cured if they could have afforded carfare to a hospital.

The rich people are the ones who are disfunctional ~ Warren Buffet is just another example, and just as nasty. WOnder if he married his niece.

45 posted on 09/07/2006 12:50:26 PM PDT by muawiyah
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To: shrinkermd

Buffett is a predator and takes no criticism. Big bucks, small brain.


46 posted on 09/07/2006 12:52:12 PM PDT by hgro
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To: muawiyah

Buffett gave billions to Bill Gates' foundation - he may have just as well given a check to Planned Parenthood. Disgusting, cold-hearted, eccentric old geezer.


47 posted on 09/07/2006 12:52:12 PM PDT by khnyny (Never in the field of human conflict was so much owed by so many to so few.- Winston Churchill)
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To: Young Scholar

It's not the money. It's the appalling spectacle of a grandfather telling a granddaughter he never had any feelings for her.


48 posted on 09/07/2006 12:53:04 PM PDT by DManA
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To: Bonaparte
conspicuously pointing out that she's never been adopted and is not legally related to him,

That's not exactly what he said- he said that he never legally adopted her as his grandchildren, which is silly since it only matters if his son legally adopted his stepdaughter.

49 posted on 09/07/2006 12:54:25 PM PDT by LWalk18
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To: beaversmom

I knew someone who worked for one of his companies that burned down in Ohio. He is so cheap that he refuses to spend money to keep them updated and safe.


50 posted on 09/07/2006 12:57:26 PM PDT by Arizona Carolyn
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