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Stae Farm Mutual Automobile Insurance Co

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March 21, 2001 | From Bloomberg News
It's unusual for a chief executive like Edward Rust Jr. of State Farm Mutual Automobile Insurance Co., the No. 1 U.S. auto and home insurer, to get into a public squabble with another corporate chieftain. When the other CEO is Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc., the argument becomes something special. Buffett started the dispute with a complaint in his annual letter to Berkshire shareholders that price cuts at State Farm were unfair to Geico Corp.
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BUSINESS
March 21, 2001 | From Bloomberg News
It's unusual for a chief executive like Edward Rust Jr. of State Farm Mutual Automobile Insurance Co., the No. 1 U.S. auto and home insurer, to get into a public squabble with another corporate chieftain. When the other CEO is Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc., the argument becomes something special. Buffett started the dispute with a complaint in his annual letter to Berkshire shareholders that price cuts at State Farm were unfair to Geico Corp.
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