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Keyword: berkshirehathaway

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  • Berkshire-Hathway Pulls the Plug on Planned Parenthood

    07/03/2003 5:42:19 PM PDT · by invstg8r · 74 replies · 682+ views
    Berkshire-Hathaway Website ^ | 7-3-03 | invstg8r
    Today Berkshire-Hathaway has announced that it will stop its shareholder-designated contributions program. Quote from the Berkshire-Hathaway press release: "Berkshire Hathaway has terminated its shareholder-designated contributions program, which has distributed approximately $197 million since it was begun in 1981. This program has allowed holders of Berkshire’s A shares to designate a per-share sum for the company to contribute to as many as three charities, the only requirement being that the designee have 501(c)(3) status. The program thus allowed a wide diversity of donations, some of them controversial but all outside the control of Berkshire." The entire press release can be viewed...
  • Pro-Life 'Chefs' Exiting the Pampered Life

    06/17/2003 7:45:53 PM PDT · by nickcarraway · 81 replies · 1,399+ views
    Agape Press ^ | June 16, 2003 | Rusty Pugh and Jody Brown
    (AgapePress) - A growing number of Christian, pro-life mothers are leaving lucrative careers with a national kitchenware company because of the new owner's support of abortion. "The Pampered Chef" is one of the nation's largest and fastest-growing kitchenware companies. The company, founded in 1980 by professing Christian and stay-at-home mother Doris Christopher, has been driven mostly by stay-at-home moms who sell the products from home. The company boasts more than 67,000 "Kitchen Consultants" and sales of $700 million annually. But now, according to Citizen magazine, many Christian mothers are walking away from the company because Pampered Chef's new owner, billionaire...
  • Warrin' Buffett

    06/18/2002 3:14:09 PM PDT · by GeneD · 8 replies · 465+ views
    Slate.com ^ | 6/18/02 | Erin Arvedlund
    Warren Buffett, who's made his billions guessing the future of the market, is offering a much scarier kind of forecast these days. The "Oracle of Omaha" has been using recent public appearances to predict new terrorist attacks on the United States. At Berkshire Hathaway's annual meeting in May, typically a confab of cone-head value investors terrorized by lofty price-to-earnings ratios, Buffett declared that detonation of a nuclear device in an American city—"$1 trillion nuclear event" in Manhattan, for example—was inevitable. "We're going to have something in the way of a major nuclear event in this country. It will happen. Whether...
  • The Best of Charlie Munger

    05/21/2002 3:02:44 PM PDT · by arete · 5 replies · 637+ views
    Motley Fool ^ | 5/15/02 | Whitney Tilson
    Charlie Munger, who runs Wesco Financial, is the famed right-hand man of Warren Buffett. He is also a master investor in his own right. At Wesco's annual meeting a week ago, he shared his always-blunt opinions on Berkshire Hathaway, the scandalous ethics in the accounting, law, and investment banking professions, and more. Warren Buffett is generally acknowledged to be the greatest investor ever -- one of the reasons why 13,000 people flocked to the recent annual meeting of his investment vehicle, Berkshire Hathaway (NYSE: BRK.A). But closely following Buffett are a handful of other legendary investors, including his long-time partner,...
  • Berkshire pays CEO Buffett $100,000, and no options

    03/20/2002 2:26:16 PM PST · by GeneD · 4 replies · 263+ views
    Reuters via Forbes.com ^ | 3/20/02 | Bill Rigby
    NEW YORK, March 20 (Reuters) - Warren Buffett, the canny billionaire known as the "Oracle of Omaha", took home just $100,000 in pay last year and once again spurned the idea of stock options and other popular CEO incentives, as he has for many years. The 71 year-old investor, second only to friend and bridge partner Bill Gates on the world's rich list, paid himself $100,000 for running his Berkshire Hathaway Inc. (nyse: BRKa - news - people) conglomerate, which made $795 million profit last year. The modest U.S. Midwesterner, worth about $35 billion, is a long-standing enemy of stock...