Money and Finance
Link to article: Warren Buffett's Canadian lieutenant eyes Alberta expansion
[H/T Linc]
- Warren Buffett On Cnbc
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Link to article: Buffett's $26 Billion Power Bet in West Seen Paying Off Warren Buffett’s $26 billion bet on western U.S. power plants, transmission lines and wind farms is poised to pay off. Buffett’s Berkshire Hathaway Inc., with the...
- 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...
- Investors Earn Handsome Paychecks By Handling Buffett's Business
Found via the Corner of Berkshire & Fairfax. Warren Buffett's decision to hire two investment lieutenants is paying off for Berkshire Hathaway, and it's paying off for the two younger money managers, too. Todd Combs, 42, and Ted Weschler,...
- 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
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 he might one day succeed the famed investor at the helm of Berkshire Hathaway Inc.
Edmonton-born Greg Abel, 51, presides over Berkshire Hathaway Energy, the power and utility arm of the Oracle of Omaha’s sprawling conglomerate. He has earned plaudits for guiding the Iowa-based energy unit on an acquisition binge, including a $3.2-billion deal earlier this month for AltaLink, Alberta’s largest electrical transmission company.
More acquisitions may be in the works, he hinted in an interview, given Alberta’s rapid population growth and frenetic pace of economic expansion.
“We were excited when AltaLink came up because we just see, truly, a great place to invest and we want to be part of the significant investment that’s going on in that province,” Mr. Abel said, adding he had been looking for an opportunity to invest in Canadian energy infrastructure.
[H/T Linc]
- Warren Buffett On Cnbc
Links to videos: Berkshire Hathaway celebrates 50 years Who will succeed Warren Buffett? #Ask Warren: Charlie Munger No surprises at IBM: Buffett Deere's long term attraction: Buffett #Ask Warren: Glenn Close What's inside Berkshire Hathaway?...
- Buffett's $26 Billion Power Bet In West Seen Paying Off
Link to article: Buffett's $26 Billion Power Bet in West Seen Paying Off Warren Buffett’s $26 billion bet on western U.S. power plants, transmission lines and wind farms is poised to pay off. Buffett’s Berkshire Hathaway Inc., with the...
- 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...
- Investors Earn Handsome Paychecks By Handling Buffett's Business
Found via the Corner of Berkshire & Fairfax. Warren Buffett's decision to hire two investment lieutenants is paying off for Berkshire Hathaway, and it's paying off for the two younger money managers, too. Todd Combs, 42, and Ted Weschler,...
- 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...