Mr. Buffett, a longtime friend of Mr. Gates, did not give a reason for his action, which comes weeks after the couple announced their divorce.
There is no way to be a billionaire in America without taking advantage of a system predicated on cruelty.
Pay up, Monopoly Men; freeloading isn’t cool.
The wealthiest Americans live by a different set of rules, lavishly spending money that isn’t taxed as income.
Their marital estate is enormous and complex, containing assets as varied as stocks and farmland. Divvying it up could have implications for philanthropy.
They built an empire that was essential in the pandemic. Now, their impending divorce makes personal a shift that confidants say was well underway in their philanthropic roles.
The company reported a nearly 19 percent year-on-year gain in the first quarter, as its subsidiaries — from railroads to energy companies to consumer brands — improved their performances.
The Berkshire chief opposes shareholder proposals on climate and diversity.
Berkshire Hathaway’s shareholders are expected to follow the chairman’s lead and reject demands for more disclosures.
Hundreds of leaders and companies signed a letter opposing strict limits. They did not.
Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.
But its results were bolstered by a soaring stock market in the fourth quarter, Warren Buffett said in his annual letter to investors.
The economist taught a generation of corporate leaders that profit should be their main motive. A new group of C.E.O.s begs to differ.
Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.
Her younger brother, Warren, entrusted her with vetting requests after he announced his intention to donate nearly his entire fortune. “Warren loves to make money and I love to give it away,” she said.
Daily virus cases are setting records and fears are rising that the economic recovery is fizzling. Investors seem unfazed.
The acquisition of a gas pipeline is Berkshire Hathaway’s largest in years, quelling investor anxiety about its recent drought of deal-making.
A unit of Warren Buffett’s empire paid an inflated price for a pipe maker that used fake sales to look profitable, an arbitration panel concluded. The firm was close to bankruptcy.
Unlike his spending spree during the 2008 financial crisis, the Berkshire Hathaway chief is keeping his wallet closed.
Between the lines of “You can bet on America” were warnings not to be overconfident in predicting what the future might hold.
The huge loss reflects the hit that the crisis has inflicted on Warren E. Buffett’s vast conglomerate.
The losses aren’t coming just from the drop in stock prices. The effect of the dividend cuts sweeping through the market will hurt, too.
They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.