The assumption is that the folks in his office are primarily W2 wage earners, although they probably also have a significant amount of income from investments in the Berkshire Hathaway company as well.
The market leader is NetJets, owned by Warren Buffett's Berkshire Hathaway holding company.
Like Sears under chairman Eddie Lampert, Berkshire Hathaway was a company in terminal decline when Buffett bought it.
When Berkshire Hathaway, the company Mr Buffett runs, said on February 4th that it had bought 130m ounces of silver since July 1997, his legions of admirers were left wondering what America's best-known investor was up to.
Berkshire Hathaway, the investment company of Warren Buffett, just filed its second quarter results.
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Gen Re is owned by Berkshire Hathaway, a Warren Buffett company.
Buffett famously does not pay a dividend to shareholders, preferring to plow that money back into Berkshire Hathaway, a diverse holding company that has interests in insurance and consumer goods companies.
At the annual meeting of his holding company, Berkshire Hathaway, on May 2nd the legendary investor railed against a system that lets chief executives choose the members of remuneration committees.
As is so often the case, the real wizard here is Buffett, who got into the game in the early 1960s, buying up a company, Berkshire Hathaway, that pays no dividends.
Over the years, Buffett became a champion of value investing, took over Salomon Brothers following the trading scandals in the late 1980s, and built his holding company, Berkshire Hathaway (nyse: BRKA - news - people ), into a behemoth.
Berkshire Hathaway was originally a textile manufacturing company for more than 100 years before it became a conglomerate holding company.
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He and his company, Berkshire Hathaway, are being accused of directly receiving bail-out money in 2008 to save their skin during the meltdown.
By the time you get to being a reinsurance company (which Berkshire Hathaway also is) you might hang on to the premiums for a decade or more.
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Dubbed "Woodstock for Capitalists, " Saturday's annual meeting of Berkshire Hathaway shareholders revolves around Warren Buffett, the company's founder and a billionaire investor.
His company that made him rich, Berkshire Hathaway, itself is a sophisticated tax shelter.
In 1990, he shared with his stockholders the sample of a letter he had sent to a business owner whose company was a prospective acquisition target for Berkshire Hathaway.
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We own stock in his company, read his Chairman letters in the Berkshire Hathaway annual reports, and devour news reports on the man.
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The company, in which Warren Buffett's Berkshire Hathaway Corp. owns a 10 percent stake, blamed intense competition for a 94 percent plunge in last year's profit last year.
Buffett recently faced intense scrutiny after news broke that he knew David Sokol, Berkshire Hathaway executive and his possible successor, bought shares in a company before the deal was announced.
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Former Berkshire Hathaway executive David Sokol misled the firm over its purchase of chemicals company Lubrizol, an internal report has concluded.
Louis Simpson, who runs the Geico portfolio at Berkshire Hathaway, bought 4 million shares, or 7% of the company, late last year.
Berkshire Hathaway jumped in last month with a newly formed bond-insurance company.
But in Mr Buffett's case it doesn't matter, because Berkshire Hathaway can easily cover the bet even if it is bad: the company has a huge capital cushion.
Like Berkshire Hathaway, there will likely come a day when Sears exists as a holding company and nothing more and that day may be coming soon.
"By engaging in such questionable conduct, Mr Sokol threatened Berkshire Hathaway's reputation - or would have done so had he remained with the company, " the company said in its report.
Not only is this one of the only times, if not the only time Berkshire Hathaway has partnered with a private equity firm to take on debt and acquire a company, but Mr. Buffett has expressed disdain for the private equity model itself in the past.
The runaway winner in that department was the home base of Warren Buffet's Berkshire Hathaway--Nebraska--where his friends and neighbors, early investors in his company, made substantial fortunes through the years.
Buffett, for example, recently told CNBC that his biggest investing mistake was buying Berkshire Hathaway ( BRK), which, when he purchased it, was a capital-bleeding textile company.
He is, of course, extrapolating from the current condition of the 70 companies Berkshire Hathaway controls, including Burlington Northern, a slew of utilities and Iscar, the giant global machine tool company, headquartered in Israel.
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