Money and Finance
- Warren Buffett's Canadian Lieutenant Eyes Alberta Expansion
Link to article: Warren Buffett's Canadian lieutenant eyes Alberta expansion The low-profile Canadian who serves as one of Warren Buffett’s chief lieutenants is making a big bet on the economic potential of his home province amid speculation that...
- Tracy Britt Cool On Management Lessons From Warren Buffett
Thanks to Matt for passing this along. Tracy Britt Cool, Warren Buffett‘s financial assistant at Berkshire Hathaway, says she was already familiar with the billionaire’s investing style when she joined the company in 2009, but working by his side...
- A Rising Star Emerges At Berkshire
When Tracy Britt arrived in Omaha, Neb., in 2009 to meet with Warren Buffett, she brought a Harvard M.B.A., a glittering resume and a boatload of ambition. But she also brought the famed investor a gift to highlight their shared Midwestern roots: a bushel...
- Berkshire Hathaway, 3g Capital To Buy Heinz For $23 Bln Cash
Warren Buffett's Berkshire Hathaway Inc and 3G Capital will buy H.J. Heinz Co for $72.50 a share, or $23.2 billion in cash, Heinz said on Thursday. Including debt assumption, Heinz valued the deal at $28 billion, which it called the largest in food...
- David Sokol Resigns From Berkshire
A top executive of Berkshire Hathaway who was believed to be on the inside track to one day succeed billionaire Warren Buffett as CEO has resigned suddenly. Buffett said Wednesday that David Sokol's resignation letter, delivered by his assistant late...
Money and Finance
Buffett Deputies Join Heinz Board as Lynnn Swann Departs
Thanks to Will for passing this along.
Gregory Abel and Tracy Britt, two of Warren Buffett’s deputies who have been adding responsibilities at Berkshire Hathaway Inc. (BRK/A), were selected by the billionaire to join him as directors of HJ Heinz Co.
Jorge Paulo Lemann, whose 3G Capital bought the ketchup maker this month with Berkshire for $28.8 billion, also is on the board with two representatives of his firm, Alexandre Behring and Marcel Herrmann Telles, according to a regulatory filing last week. They replaced directors including Lynn Swann, the former wide receiver for the National Football League’s Pittsburgh Steelers.
The board oversees Chief Executive Officer Bernardo Hees, who announced a management shakeup yesterday, including the departure of Heinz’s North America CEO David Moran. Britt is chairman of at least two Berkshire units that replaced their CEOs last year, and Abel has been building the company’s energy business through acquisitions.
“For Greg Abel, it broadens his exposure, and it certainly now raises the question, ‘Is he high up on Warren Buffett’s list’” for succession, said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business, who has accompanied students to meet the billionaire.
- Warren Buffett's Canadian Lieutenant Eyes Alberta Expansion
Link to article: Warren Buffett's Canadian lieutenant eyes Alberta expansion The low-profile Canadian who serves as one of Warren Buffett’s chief lieutenants is making a big bet on the economic potential of his home province amid speculation that...
- Tracy Britt Cool On Management Lessons From Warren Buffett
Thanks to Matt for passing this along. Tracy Britt Cool, Warren Buffett‘s financial assistant at Berkshire Hathaway, says she was already familiar with the billionaire’s investing style when she joined the company in 2009, but working by his side...
- A Rising Star Emerges At Berkshire
When Tracy Britt arrived in Omaha, Neb., in 2009 to meet with Warren Buffett, she brought a Harvard M.B.A., a glittering resume and a boatload of ambition. But she also brought the famed investor a gift to highlight their shared Midwestern roots: a bushel...
- Berkshire Hathaway, 3g Capital To Buy Heinz For $23 Bln Cash
Warren Buffett's Berkshire Hathaway Inc and 3G Capital will buy H.J. Heinz Co for $72.50 a share, or $23.2 billion in cash, Heinz said on Thursday. Including debt assumption, Heinz valued the deal at $28 billion, which it called the largest in food...
- David Sokol Resigns From Berkshire
A top executive of Berkshire Hathaway who was believed to be on the inside track to one day succeed billionaire Warren Buffett as CEO has resigned suddenly. Buffett said Wednesday that David Sokol's resignation letter, delivered by his assistant late...