Money and Finance
- The Wrath Of Warren Buffett: How Benjamin Moore Almost Broke His Promise
Link to: The wrath of Warren Buffett: How Benjamin Moore almost broke his promise Turmoil roiled Benjamin Moore, a paint company owned by Berkshire Hathaway, after it decided to break a pledge Warren Buffett made to Moore’s dealers. How did it...
- Buffett Leans On 29-year-old Cool To Oversee Problems
Thanks to Matt for passing this along. When Warren Buffett bought half of a commercial mortgage finance company in 2009, he hired a 25-year-old fresh out of business school to keep tabs on the investment. Since then, Berkadia Commercial Mortgage LLC has...
- 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....
- 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...
- Warren Buffett's Mr. Fix-it
Found via GuruFocus. When investors think of Berkshire Hathaway (BRKA, Fortune 500), they of course think of Warren Buffett and his record as a hands-off, if highly attentive, CEO. He gives free rein to the heads of his large collection of companies,...
Money and Finance
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 for the past four years has given her a new appreciation for Mr. Buffett’s hands-off management style.
The big lesson, Ms. Cool said, was learning “how much you can get out of people when you… give them space.” Speaking at Fortune magazine’s Most Powerful Women conference in Washington, DC on Wednesday, the 29-year-old Harvard MBA said Mr. Buffett gives his managers “freedom and flexibility” to run their businesses as they see fit, even when he doesn’t agree with them.
As the chairwoman of four Berkshire-owned companies including paints maker Benjamin Moore, Ms. Cool said she spends a lot of her time “getting smarter about ways to help Berkshire,” especially in terms of helping improve operations and eventually, make acquisitions.
- The Wrath Of Warren Buffett: How Benjamin Moore Almost Broke His Promise
Link to: The wrath of Warren Buffett: How Benjamin Moore almost broke his promise Turmoil roiled Benjamin Moore, a paint company owned by Berkshire Hathaway, after it decided to break a pledge Warren Buffett made to Moore’s dealers. How did it...
- Buffett Leans On 29-year-old Cool To Oversee Problems
Thanks to Matt for passing this along. When Warren Buffett bought half of a commercial mortgage finance company in 2009, he hired a 25-year-old fresh out of business school to keep tabs on the investment. Since then, Berkadia Commercial Mortgage LLC has...
- 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....
- 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...
- Warren Buffett's Mr. Fix-it
Found via GuruFocus. When investors think of Berkshire Hathaway (BRKA, Fortune 500), they of course think of Warren Buffett and his record as a hands-off, if highly attentive, CEO. He gives free rein to the heads of his large collection of companies,...