January 21, 2014 |
Even billionaires like Warren Buffett think watching sports is more fun with a little money on the line. Buffett's Berkshire Hathaway is insuring a Quicken Loans contest that will award $1 billion to anyone who can correctly guess the winners of all 67 games in this spring's NCAA men's basketball tournament. Buffett said the idea for the contest was his. He said he was talking sports with Quicken Loans founder and Chairman Dan Gilbert in November when he pitched the idea to insure a $1-billion prize for a perfect bracket.
April 17, 2012 |
Billionaire investor Warren Buffett's successor is already picked. The only problem is: Who is it? The Oracle of Omaha said in February that the Berkshire Hathaway board had selected his successor, but then did not actually name the CEO-in-waiting. Buffett's announcement on Tuesday that he has a form of treatable cancer might force the conglomerate to introduce the next CEO a littler faster than previously expected. In his annual letter to investors released in February, Buffett said the board was "enthusiastic about my successor as CEO, an individual to whom they have had a great deal of exposure and whose managerial and human qualities they admire.
May 9, 2003 |
Billionaire investor Warren Buffett jumped into line with proposed corporate governance rules as his Berkshire Hathaway Inc. appointed two independent directors. Berkshire named Donald Keough, a former president of Coca-Cola Co., and Thomas Murphy, formerly chief executive at Capital Cities/ABC Inc., as directors, putting independent directors in the majority on the board.
December 10, 1992 |
One of the biggest beneficiaries of General Dynamics Corp.'s decision to sell its military aircraft division Wednesday is Nebraska investor Warren E. Buffett. Buffett, sometimes known as "the sage of Omaha," bought 4.35 million shares, or 15%, of the company in late July at an estimated $74 a share, or $322 million. News of the sale of the division to Lockheed Corp. for $1.525 billion sent General Dynamics' stock up $2.875 to close at $103.
July 15, 2003 |
Berkshire Hathaway Inc. Chairman Warren Buffett and a San Francisco charity decided against allowing three groups to match a $250,100 bid that won a luncheon with the billionaire investor to benefit the organization. Buffett and the Rev. Cecil Williams, head of the Glide Foundation, initially said they were receptive to the idea of additional luncheons but changed their minds over the weekend.
March 20, 1997 |
How much is a Cheeseburger in Paradise worth? Singer-songwriter Jimmy Buffett and two Orange-based restaurant operators are squaring off in U.S. District Court in Los Angeles to find out. The longtime performer known for his laid-back, Key West point of view has sued Edna Bayliff and Laren Gartner, alleging that they illegally used the title of his 1978 hit single "Cheeseburger in Paradise" for the name of a popular eatery and bar on Maui that opened in 1989.
September 4, 1995 |
Many of America's most dazzling fortunes have sprung from the success of a lone product or idea. With J. Paul Getty it was oil, with Sam Walton, retailing. Most recently, it was Bill Gates and computers. However, among the great tycoons, Warren Buffett is unique. He is the only one whose vast wealth is built on a singular ability to pick the right stocks and businesses.
August 21, 2003 |
The Securities and Exchange Commission denied Warren Buffett's appeal to delay disclosing some of his stock holdings. Buffett, the chairman of Berkshire Hathaway Inc., was looking to prevent others from imitating his investment moves. The billionaire argued that other investors would follow his lead, raising the prices of the stocks and making it more costly for Berkshire to acquire them.
November 13, 1993
I found your review of Jimmy Buffett's concert ("Buffett Is the Perfect Party Host," by Mike Boehm, Oct. 11) incredibly ignorant and offensive. You show no awareness of the history of the music (or) the evolution of the artist and his fans. How can you comment on a concert and offend the fans without educating yourself? Next time, do some research before you lash out. Or even better, don't do it at all. CHRISTIE OPPLIGER San Juan Capistrano
September 16, 2012 |
Warren Buffett, the 82-year-old billionaire investor, said he has completed cancer treatment, according to a report in the Omaha Herald "It's a great day for me," he told executives from newspapers he owns -- including the Herald -- on Friday. "Today I had my 44th and last day of radiation. " Buffett, CEO of Omaha, Neb.-based Berkshire Hathaway, had announced this spring that he was diagnosed with stage 1 prostate cancer and began radiation treatment in July. News of his health had stirred speculation about who would succeed the octogenarian whose investment enterprise owns firms in sectors such as manufacturing, utilities, insurance and newspapers. But in a statement to reassure investors his health was good enough to stay on as chief executive, he said: "I've been told by my doctors that my condition is not remotely life-threatening or even debilitating in any meaningful way. " With radiation complete, Buffett said he will be feeling the side effects of the treatment in the next few weeks, but that he is glad to be finished.