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BUSINESS
December 10, 1992 | From Reuters
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.
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BUSINESS
July 15, 2003 | From Bloomberg News
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.
BUSINESS
September 4, 1995 | From Associated Press
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.
BUSINESS
August 21, 2003 | From Associated Press
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.
ENTERTAINMENT
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
BUSINESS
May 3, 2004 | From Bloomberg News
Billionaire investor Warren Buffett endorsed Sunday a Securities and Exchange Commission plan that would make it easier for shareholders to nominate directors. The proposed rule would let large shareholders nominate candidates on corporate proxy ballots if 35% of the votes for a director had been withheld the previous year.
BUSINESS
July 10, 2003 | From Bloomberg News
Billionaire Warren Buffett is known as an astute "value" investor, but some shareholders think his takeover bid for Clayton Homes Inc. is just plain cheap. Money management firm Brandywine Asset Management said Wednesday that it would vote against Buffett's $1.7-billion offer for Clayton, joining more than half a dozen investors seeking to block the mobile-home maker's sale. Brandywine, which owns about 2.3 million Clayton shares, said the price offered by Buffett's Berkshire Hathaway Inc.
BUSINESS
October 18, 2000 | Bloomberg News
Warren Buffett, the billionaire investor, will name three people to succeed him as head of Berkshire Hathaway Inc., the Wall Street Journal reported. Though Buffett, 70, told the paper he has no intention of retiring as chairman and chief executive, recent colon surgery has made him consider the future leadership of Berkshire. Howard Buffett, his eldest son, will become chairman. Louis Simpson, currently head of investments at Geico Corp.
ENTERTAINMENT
October 12, 1998 | JOHN ROOS, SPECIAL TO THE TIMES
Jimmy Buffett and his Coral Reefer Band end their summer tour before a packed house of colorful if indiscriminate parrot heads. The crowd gets sloshed as beach balls and inflated sharks ricochet. Buffett reigns as supreme party commander in a predictable set dominated by breezy, too-familiar pop fare. That was the scene Friday night at Irvine Meadows Aphitheatre, the first of Buffett's two-date engagement that ended Sunday.
BUSINESS
March 14, 2000 | Bloomberg News, Times Staff
Maybe Warren Buffett's shareholders felt pity after the self-flagellation he undertook in his annual letter to Berkshire Hathaway owners, published last weekend. Or maybe it was just the hope that he'll end their recent misery with a stock buyback program by Berkshire. Berkshire's Class B shares soared $118, or 8.6%, to $1,488 a share on Monday on the New York Stock Exchange. The Class A shares jumped $3,500 to $44,800.
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