Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), eBay Inc (NASDAQ:EBAY), American International Group, Inc. (NYSE:AIG), Cna Financial Corp (NYSE:CNA), Yahoo! Inc. (NASDAQ:YHOO)
Tracy Britt: Bringing Berkshire CEOs Together (WSJ)
Warren Buffett is famously hands-off when it comes to running the subsidiary businesses of Berkshire Hathaway Inc. (NYSE:BRK.A) -0.11%, but some Berkshire CEOs have been craving a little more contact – at least with each other. Buffett’s financial assistant Tracy Britt is making it happen. The 28-year-old Harvard MBA has worked by the legendary investor’s side since 2009, and is taking on more responsibility within Berkshire Hathaway Inc. (NYSE:BRK.A), including the chairmanship of four of its subsidiaries. One of her goals is to increase interaction among the managers of Berkshire’s 80-odd businesses. She travels frequently to the far-flung units to visit Berkshire Hathaway Inc. (NYSE:BRK.A) executives and learn about their business challenges and practices, often using that knowledge to put CEOs in touch with each other.
Hillary Clinton Twitter: Warren Buffett Hints At Her 2016 Presidential Run (Policymic)
Now that Hillary Clinton has joined Twitter and her supporters have done their celebratory happy dance, the Washington Post has also joined in by publishing a 26 paragraph article solely dedicated to her arrival into the Twitter world. What is now even greater than Hillary joining Twitter, though, is that she has received a hearty welcome and endorsement from Warren Buffett. The noteworthiness is further compounded by the fact that his tweet to Hillary was one out of the three he has ever posted on Twitter, which paired with his decision to call Clinton “one of [his] favorite women in the world” is tremendous.
Buffett charity lunch sold for $1 million-plus (NDTV)
The annual charity auction of a private lunch with billionaire investor Warren Buffett went for just more than $1 million — a bargain price compared to past years for an opportunity to sit down with one of the world’s most successful philanthropists. An anonymous donor had the high bid of $1,000,100 when the bidding ended Friday night on eBay Inc (NASDAQ:EBAY). The private audience with Buffett drew bids of more than $2 million in each of the past five years, including last year’s record-setting winning bid of $3,456,789. All proceeds go to the Glide Foundation, which helps the poor and homeless in San Francisco. The nonprofit relies on the auction to provide a significant chunk of its $17 million annual budget.
Berkshire’s Eastwood Builds Team to Take On Ex-Employer AIG (SFGate)
Peter Eastwood, who left American International Group, Inc. (NYSE:AIG) with three other executives in April to start a new insurer at Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A), said he’s finding it easy to attract staff. Berkshire Hathaway Specialty Insurance had 40 employees at the end of last week, a month and a half after it was founded, Eastwood said today in an interview. It now has people in Boston, New York, Chicago, Los Angeles and Atlanta after bringing on staff from insurers including American International Group, Inc. (NYSE:AIG) and Cna Financial Corp (NYSE:CNA), he said. “Talent attracts talent,” Eastwood said on the sidelines of a conference hosted by Advisen in New York. “We’ll absolutely be hiring more.”