berkshire hathaway board of directors 2021

In 1998, Berkshire Hathaway acquired NetJets Inc., formerly Executive Jet Aviation. For years, it was assumed that Buffett's successor would. [52][53] There was speculation a bidding war could erupt for the company, with Barron's citing Markel, W.R. Berkley, Chubb, and Loews along with Pershing Square as potential suitors. [11] Instead of selling at the slightly lower price, Buffett decided to buy more of the stock to take control of the company and fire Stanton (which he did). The investor's company raised its stake in the truck-stop chain from 38.6% to 80%. provide a direct response. The 90-year-old billionaire on Saturday admitted he "paid too much" when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft. May 3, 2021 By Nick Clarkson, Web Editor May 3, 2021, 11:51 am . In that year, ConocoPhillips spun off a subsidiary, Phillips 66, of which Berkshire owned 27 million shares. The famed investor's. COULD SAVE YOU SUBSTANTIAL MONEYWWW.GEICO.COM OR CALL In 2006, Berkshire Hathaway acquired Russell Corporation for $600 million, in fact getting most shares and brands in many sports leagues including Spalding NBA official basketballs, BIKE Athletic Company protections, AAI (American Athletic) Gymnastics' tables, bars, rings, horses or Dudley softball balls and accessories. Fechheimer Brothers is made up of two brands, Flying Cross and Vertx. Shanfelter has served on Orion Group's Board of Directors since 2007 and was named Chairman in January 2021. On August 26, 2011, Berkshire Hathaway purchased $5 billion of preferred shares in Bank of America. About Us NCCI Facts and Information. Nevertheless, while this is no high-growth enterprise, Berkshire has a lot to offer investors of all kinds over the long term. AF Group. Due to the COVID-19 pandemic, the Annual Meeting will be held in a . [112], On March 25, 2011, Berkshire Hathaway made its first foray[113] into the Indian insurance sector with its non-direct subsidiary BerkshireInsurance.com. Berkshire Hathaway Inc. announced that Susan A. Buffett and Christopher C. Davis have each been elected to the Board of Directors of Berkshire Hathaway Inc. Ms. Buffett is the Chairman of the Susan Thompson Buffett Foundation and the Chairman of the Sherwood Foundation. [42] As of 2018[update], Berkshire Hathaway is ranked third on the Fortune 500 rankings of the largest United States corporations by total revenue.[43]. Charles Schwab Investment Management, Inc. T. Rowe Price Associates, Inc. (Investment Management). The stores offer various dairy desserts, beverages, prepared foods, blended fruit drinks, popcorn, and other snack foods. [51] This would have expanded its presence in the insurance space and allowed it to own a holding company much like Berkshire itself. Berkshire Hathaway's board of directors is opposing a proposal from major shareholder groups that the company publish an annual report disclosing the climate risks it faces, even as the company's energy subsidiaries remain heavily invested in fossil fuels and have been impacted by extreme weather events. To act on four shareholder proposals if properly presented at the meeting. Company profile for Alphabet Inc. Cl C including key executives, insider trading, ownership, revenue and average growth rates. The Haslam family and FJ Management will retain ownership stakes until then, upon which the Haslam family will retain the remaining 20% and FJ Management will withdraw altogether. The fight over net metering in Nevada also spurred HGTV star Jonathon Scott to produce Power Trip, a film about monopoly utilities attacks on residential solar policies. Michael Bourque. As of December31, 2022,[update] Berkshire owns 5.8% of Apple with 915.6million shares, according to the company's February 14, 2023, 13G filing. In May 2000, Berkshire purchased Ben Bridge Jeweler, a chain of jewelry stores established in 1912 with locations primarily in the western United States. All rights reserved. [75] In 2006, the company bought Business Wire, a U.S. press release agency. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Buffett had made an investment in US Airways in 1989 which, although he sold for a profit, almost lost Berkshire a substantial sum of money. [28] The meeting, scheduled to last 68 hours, is an opportunity for investors to ask Buffett and Munger questions. Reporters and analysts embrace its existence as well. Shareholders, Links to Berkshire Subsidiary How kids can make money. In 1986, Scott Fetzer Companies, a diversified group of 32 brands that manufactures and distributes a significant number of products for residential, industrial, and institutional use, was acquired. Berkshire Hathaway Energy subsidiaries have also increased their investments in gas infrastructure. To elect directors. Buffett sold around 30% of this stake in 2013 when he "soured somewhat on the company's then-management"[132] realizing a profit of $43 million. In a supporting statement for the proposal, the shareholder groups explain: Climate change and the energy transition to a low-carbon economy pose a systemic risk to the economy. See's revenues are highly seasonal with approximately 50% of total annual revenues being earned in the months of November and December. Joe Smyth is a Research and Communications Manager for the Energy and Policy Institute. [120], In the second quarter of 2020, Berkshire added a position of more than 20 million shares in mining company Barrick Gold,[121] and in the third quarter the company agreed to buy Dominion Energy's natural gas transmission and storage operations. [136], In 2022, Berkshire Hathaway disclosed that it has sold its remaining stakes with Wells Fargo during the first quarter.[137]. Board of Directors - United Airlines Holdings, Inc. Home Investor Relations Corporate Governance Board of Directors Board of Directors Edward M. Philip Carolyn Corvi Matthew Friend Barney Harford Michele J. Hooper Walter Isaacson Richard Johnsen James A. C. Kennedy Scott Kirby Edward L. Shapiro Laysha Ward James M. Whitehurst After the morning newspaper Buffalo Courier-Express ceased operation in 1982, the Buffalo Evening News changed its name to The Buffalo News and began to print morning and evening editions. Chace had previously worked for Samuel Slater, the founder of the first successful textile mill in America. Sign In. Licensed under a Creative Commons Attribution 3.0 License by Energy and Policy Institute. Berkshire's other investments tied to real estate include Clayton Homes, which makes manufactured housing. McLane provides wholesale distribution and logistics services in all 50 states and internationally in Brazil to customers that include discount retailers, convenience stores, quick-service restaurants, drug stores and movie theatre complexes. In 1985, the last textile operations (Hathaway's historic core) were shut down. On the buy side, Gates purchased an additional 10.75 million of Berkshire Hathaway class B shares at an estimated $1.47 billion (around $137.00 per share). Copyright 1978-2023 Berkshire Hathaway Inc. News Releases from Berkshire Hathaway and from Warren Buffett, Berkshire Hathaway Energy Investor Presentations, Special Letters from Warren & Charlie RE:Past, Present and Future, Warren Buffett's Letters to Berkshire Berkshire Hathaway shareholders will consider the climate risk proposal, which is supported by California Public Employees Retirement System, Federated Hermes and Caisse Et Placement Du Quebec, at the companys annual meeting on May 1. Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Utility Front Group Advertisement Tracker, American Coalition for Clean Coal Electricity, Gas utilities push RNG and hydrogen to expand fossil fuel infrastructure, AGA uses millions of dollars from utility customers to promote a fossil fuel agenda, Internal documents detail how gas utilities greenwash RNG and hydrogen, Front groups and trade associations funded by gas utilities fight electrification policies, List of deceptive RNG and hydrogen projects, UARG, the sequel? Headquartered in Fort Worth, Texas, TTI is the largest distributor specialist of passive, interconnect, and electromechanical components. [13], Berkshire's class A shares sold for $465,725 as of January 5, 2022, making them the highest-priced shares on the New York Stock Exchange, in part because they have never had a stock split and have only paid a dividend once since Warren Buffett took over, retaining corporate earnings on its balance sheet in a manner that is impermissible for mutual funds. This copy is for your personal, non-commercial use only. Warren Buffett's company is having a good run among a volatile stock market, turn away from many . [72][73], On October 3, 2017, it was announced that Berkshire Hathaway will acquire 38.6% of truck stop chain Pilot Flying J, with plans to increase its stake to 80% in 2023. Feb 25, 2021 5:00PM EST. Weitz, 72, founded his namesake Omaha-based firm in 1983. ", "The Scott Fetzer Company Brand Portfolio", "Berkshire Hathaway Inc. To Acquire 60% of Pritzker Family Company, Marmon Holdings, Inc", "Kathryn Farmer becomes the first woman CEO of an American railroad", "Warren Buffett Jumps Into Autos, Buying Van Tuyl Group", "Billionaire Warren Buffett's Berkshire Hathaway buys North Park Toyota", "Why Warren Buffett Just Bought Duracell", "Chairman's letter 2008 Annual Report, p.13", https://www.cnbc.com/berkshire-hathaway-portfolio/, "Buffett's Bumpy Ride With IBM Draws to a Close With Stock Sales", "Warren Buffett says Berkshire Hathaway has sold completely out of IBM", "Warren Buffett's Berkshire Hathaway buys 75M more Apple shares, sells off IBM", "Goldman Sachs | Press Releases - Berkshire Hathaway to Invest $5 Billion in Goldman Sachs", "Warren Buffett's billion-$$ Goldman bet pays off", "Franc Reverses Gain Versus Dollar as Buffett Buys Bank of America Shares", Car Designer Sees China's Wheels Electric-powered, "Berkshire Hathaway Inc. to Acquire Burlington Northern Santa Fe Corporation (BNSF) for $100 Per Share in Cash and Stock", "Berkshire Hathaway to Buy Lubrizol for $9billion", "Warren Buffett to meet policyholders in India", "Berkshire and 3G Capital in a $23 Billion Deal for Heinz", "Berkshire Hathaway Becomes Majority Owner of H.J. Berkshire Hathaways board of directors is opposing a proposal from major shareholder groups that the company publish an annual report disclosing the climate risks it faces, even as the companys energy subsidiaries remain heavily invested in fossil fuels and have been impacted by extreme weather events. Buffett: "Most shareholders who voted for these proposals have . [95], As well as owning companies outright, Berkshire maintains a concentrated portfolio of equities and investments which has historically been managed by Warren Buffett. Berkshire acquired McLane Company, Inc., in May 2003 from Walmart, which brought on other subsidiaries such as Professional Datasolutions, Inc., and Salado Sales, among others. The Berkshire Hathaway Energy businesses include AltaLink, L.P., BHE Pipeline Group, BHE Renewables, BHE U.S. Paul Morigi / Stringer / Getty Images Warren Buffett called out Theranos for appointing political and military leaders to its board. Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. In the 2017 annual report, Berkshire Hathaway disclosed its total position by December 31, 2017, to be 166 million shares (3.3% of Apple). Berkshire Hathaway Inc. elected two new members to its board, including Warren Buffett's daughter. Berkshire Hathaway Inc. (/ b r k r /) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States.Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities.The company has been overseen since 1965 by its . Loan losses remain 3.6% up from 2.9%. Buffett, Howard G. Buffett, Malcolm G. Chace, Ronald L. Olson, and Walter Scott, Jr. NV Energy, Berkshire Hathaway Energys subsidiary in Nevada, pushed that states Public Utilities Commission to end net metering in 2015, but strong public opposition against the decision ultimately resulted in bipartisan legislation and a decision by new PUC commissioners that restored net metering in Nevada. Berkshire Hathaway, the conglomerate led by Warren Buffett, is among the companies that appears to be falling far short of large institutionalinvestors expectations for climate risk disclosure. [30], In May 2010, three months away from his 80th birthday, Buffett said he would be succeeded at Berkshire Hathaway by a team consisting of a CEO and three or four investment managers, each of the latter would be responsible for a "significant portion of Berkshire's investment portfolio". Board of Directors Members Frank R. Martire, Executive Chairman, NCR Corporation Michael Hayford, Chief Executive Officer, NCR Corporation Mark Begor, Chief Executive Officer, Equifax Gregory Blank, Managing Director, Blackstone Catherine L. Burke, Global Vice Chairman and Chief Corporate Strategy Officer at DJE Holdings [] identify any material gaps or misstatements in issuers disclosure of climate risks, reports the Energy & Policy [], [] supporting the resolution, including California Public Employees Retirement System, explicitly noted: We consider the Companys current level of disclosure to be insufficient for investors to []. You must click the activation link in order to complete your subscription. [97], As of February 2023, roughly 75% of Berkshire's equity securities were concentrated in five companies: American Express Company ($26.29 billion), Apple Inc. ($135.47 billion), The Coca-Cola Company ($23.91 billion), Chevron Corporation ($27.17 billion), and Bank of America Corporation ($35.36 billion)[98]. Some good news. [17] Buffett defended Lloyd Blankfein's decisions as CEO of Goldman Sachs. Abel was appointed vice chairman for non-insurance business operations, and Jain became vice chairman of insurance-operations. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. 2021 Berkshire Hathaway Annual Meeting. [27] The 2006 movie depicted actresses Jamie Lee Curtis and Nicollette Sheridan lusting after Munger. Berkshire Hathaway released 2021 financial results today along with Warren Buffett's annual letter to shareholders. NLPC seeks to kick Tim Cook, Al Gore from Apple board of directors | AppleInsider . [41] Berkshire Hathaway's market capitalization was valued at over US$496 billion in September 2018. [4], The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. And BNSF is a major rail carrier of coal, and along with Union Pacific is the most exposed to weakening thermal coal demand, according to a Moodys report. Read more: An elite 'ultragrowth' investor explains how he's beating the market in 2020 and analyzes 4 stocks he thinks will help him stay on top for the next 5 years, Notable past and present roles: Berkshire director (1993 - present); Sheriff of Macon County, Illinois (2017 - 2018); Howard G. Buffett Foundation chairman and CEO (2013 - present), Warren Buffett's son (1954 - present), Notable past and present roles:Berkshire director (2009 - present); NBCUniversal chairman (2020 - present); NBCUniversal CEO and Comcast senior executive vice president (2011 - 2019); JPMorgan director (2004 - present). Save for one buy and one sell. [61] Berkshire acquired Fruit of the Loom on April 29, 2002, for $835million in cash. Michael Dinkins. CEO Name CEO Pay Median Employee Pay CEO Pay Ratio Warren E. Buffett CEO Pay$373,204 Median Employee Pay$58,881 CEO Pay Ratio6:1 Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [33][34], In Berkshire Hathaway's annual shareholder letter dated February 25, 2012, Buffett said that his successor as CEO had been chosen internally but not named publicly. Notes: One of Buffett's childhood friends, Scott partnered with him to buy MidAmerican Energy in 2000, which became Berkshire Hathaway Energy in 2014. Notable past and present roles: Berkshire director (2013 - present); Eagle Capital Partners general partner (2001 - present); Emerald Partners cofounder and manager (1989 - 2000), Notes: Witmer recently bought more than $2.2 million worth of Berkshire stock, Visit Business Insider's homepage for more stories, Famed economist David Rosenberg says investors are falling into a classic market trap that's historically preceded a further meltdown and warns 'there's not going to be much of a recovery', MORGAN STANLEY: Buy these 23 high-growth stocks that look poised to deliver market-beating returns over the long term, An elite 'ultragrowth' investor explains how he's beating the market in 2020 and analyzes 4 stocks he thinks will help him stay on top for the next 5 years. Other executives include Marc D. Hamburg, Senior Vice-President and Chief Financial Officer; Gregory E. Abel, Vice Chairman of Non-Insurance Operations and 2 others. FILE - McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange, July 26, 2017. As of March2013[update], BH Media owned 28 daily and 42 non-daily newspapers. On Wednesday, March 1, 2023, a Delaware judge dismissed claims against directors of McDonalds . Clayton's homes are marketed in 48 states through a network of 1,540 retailers, 391 of which are company-owned sales centers. has named Susan Buffett, the daughter of CEO and Chairman Warren Buffett, and investment manager Chris Davis to its board of directors. Policy Name: Corporate Governance Policies of the Board of Direc tors Policy Owner: NVIDIA Board of Directors Effective: March 2, 2021 Page 1 of 5 . However, due to Investor alerts. The new appointments are part of Tesla's $20 million settlement with US regulators in . Berkshire's 2002 quarterly reports are scheduled to be posted on the Internet on May 11, August 10 and November 9. ISS disclosed its recommendations to investors on Friday, saying they should withhold votes from Susan Decker, David Gottesman, Walter Scott Jr and Meryl Witmer, who make up the compensation. Annual Meeting Information. In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also includes life, accident, and health reinsurers, as well as internationally based property and casualty reinsurers. Annual & Interim Reports. The Berkshire Hathaway board of directors opposes the shareholder proposal, arguing that many of Berkshires subsidiaries are already making sound climate-related decisions, and that an annual report on climate risks facing the company wouldnt work well with Berkshire Hathaways decentralized structure. watch now. (Note: The two shareholder proposals relating to (1) climate change, and (2) diversity, equity, and inclusion, were each voted against by a 75% to 25% margin as recommended by Berkshire's board of directors. But I want you to know it's no personality changes taking place. Berkshire Hathaway Energy Investor Presentations. Most recently, Berkshire Hathaway Energys subsidiary in Wyoming, Rocky Mountain Power, supported a bill in that state that would have ended net metering, and could have killed the states solar industry, according to the Wyoming Outdoor Council. Org chart of Berkshire Hathaway segments Berkshire Hathaway Subsidiaries. ", Notable past and present roles: Berkshire director (1997 - present); Munger, Tolles & Olson cofounder and partner (1962 - present); The Washington Post Company director (2003 - 2017), Source: Berkshire Hathaway; Graham Holdings, Read more: GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds and have crushed the market this year, Notable past and present roles: Berkshire director (1988 - present); Peter Kiewit Sons CEO (1979 - 1998). After submitting your request, you will receive an activation email to the requested email address. [8] The company is one of the largest American-owned private employers in the United States. Link to SEC Filings. Companies - Justin Brands", "Berkshire Hathaway Inc. Acquires MiTek Inc", "Berkshire Hathaway to Acquire Shaw Industries", "Berkshire Hathaway Inc, Form 10-Q, Quarterly Report, Filing Date Aug 11, 2003", "Albert Lee Ueltschi, the Father of Modern Aviation Training, Dies at 95", "Welcome - FlightSafety International Inc", "Berkshire Hathaway Inc. to Acquire Executive Jet, Inc", "Berkshire to Buy Oriental Trading Company", "Berkshire Hathaway to Acquire Oriental Trading Company", "Warren Buffett, Berkshire Hathaway buying Pilot Flying J truck stops", "Berkshire Hathaway to Buy Omaha World-Herald Newspaper", "Media General Shares Soar After Warren Buffett Agrees To Buy Its Newspaper", "Berkshire Adds Waco Newspaper, Expanding Media Wager", "Buffett: Local papers have healthy future", "Warren Buffett Buys Post-Newsweek's WPLG", "Warren Buffett Will Sell His Newspaper Empire", "Warren Buffett Can't Buy Real Estate Agencies Fast Enough", "Berkshire Hathaway Inc, Form 6-K, Filing Date Oct 30, 2012", "Canadian real estate industry welcomes Buffett to the neighbourhood", "Metro Phoenix Real-Estate Attracts Warren Buffett", "Why Is Buffett Not Interested in Buying Real Estate? The Board of Directors has fixed the close of business on March 2, 2022 as the record date for Alongside the preferred stock investment, Berkshire obtained warrants allowing Berkshire to buy 700 million common shares at $7.14 per share any time before September 2, 2021. "[128], In May 2016, it was revealed in a regulatory filing that Berkshire had acquired a stake in Apple Inc. This week, Treasury Secretary Janet Yellen announced a new Climate Hub within the Treasury Department that will Bring to bear the full force of the Treasury Department on domestic and international policymaking, leveraging finance and financial risk mitigation to confront the threat of climate change.. Notable past and present roles:Berkshire director (2020 - present); General Catalyst chairman and managing director (2018 - present); American Express CEO (2001 - 2018); Facebook director (2018-2020). [124] In May 2022, Berkshire Hathaway acquired a $2.6 billion stake in Paramount Global. [citation needed], In 1996, Berkshire acquired FlightSafety International Inc. (or FSI), founded in 1951 by Albert Lee Ueltschi. In August 2000, Berkshire Hathaway entered the building products business with the acquisition of Acme Building Brands. Since 2010, Todd Combs and Ted Weschler also work alongside Buffett in managing investments. At the peak of the financial crisis in September 2008, Berkshire invested $5 billion in preferred stock in Goldman Sachs to provide it with a source of funding when capital markets had become constrained. In February, it purchased Johns Manville which was established in 1858 and manufactures fiberglass wool insulation products for homes and commercial buildings, as well as pipe, duct, and equipment insulation products. To visualize Berkshire Hathaway's segments, we display them as entity nodes under the primary entity: Berkshire itself. Previously it was a privately held conglomerate owned by the Pritzker family for over fifty years, which owned and operated an assortment of manufacturing companies that produce railroad tank cars, shopping carts, plumbing pipes, metal fasteners, wiring and water treatment products used in residential construction. -, Berkshire Hathaway's Ajit Jain sells $2 mln of company shares -filing, Berkshire hathaway vice chairman ajit jain sells 6,595 berkshire, Berkshire Hathaway : Omaha, NE (BRK.A; BRK.B) - Form 8-K. WESTERN ASSET INVESTMENT GRADE INCOME FUND INC. WESTERN ASSET INFLATION-LINKED OPPORTUNITIES & INCOME FUND, WESTERN ASSET INFLATION-LINKED INCOME FUND, Chief Financial Officer, Secretary & Senior VP, Director & Vice Chairman-Non Insurance Operations, Director & Vice Chairman-Insurance Operations, Psd-Berkshire Hathaway HomeServices-Blake Realtors, Principal Accounting Officer & Vice President, Bill & Melinda Gates Foundation Trust (Investment Management), Northern Trust Investments, Inc.(Investment Management), Morgan Stanley Smith Barney LLC (Investment Management). The sure outcome: a multitude of investors destined to be disappointed. [108], In September 2008, MidAmerican Energy Holdings, a subsidiary of Warren Buffett's Berkshire Hathaway Inc., invested about US$230million for a 10% (or 9.89%[109]) share of BYD @ HK$8/share. Beyond its energy subsidiaries, other Berkshire Hathaway subsidiaries also remain invested in fossil fuels. The 2004 movie featured Arnold Schwarzenegger in the role of "The Warrenator" who travels through time to stop Buffett and Munger's attempt to save the world from a "mega" corporation formed by Microsoft-Starbucks-Wal-Mart. Eventually, Buffett acknowledged that the textile business was waning and the company's financial situation was not going to improve. [40], For the fiscal year 2019, Berkshire Hathaway reported earnings of US$81.4 billion, with an annual revenue of US$254.6 billion, an increase of 2.7% over the previous fiscal cycle. Tony Prophet Tony Prophet joined the Dolby board of directors in December 2021. In 2001, Berkshire acquired three additional building products companies. Investors LLC, a privately held investment company, a position he has held since March 2007. Flying Cross manufacturers public safety uniforms and Vertx is a civilian tactical clothing company. Albecca designs, manufactures, and distributes custom framing products, including wood and metal molding, matboard, foamboard, glass, equipment, and other framing supplies. This is an undervalued stock worth considering for 2021. R obinhood is not taking a blast of recent high-profile criticism lying down. [91], On October 2, 2014, Berkshire Hathaway Automotive, an auto dealership subsidiary, was created through the acquisition of Van Tuyl Group, the remaining largest auto dealer in the nation and independently owned up to that date. [89] The two most significant of these businesses are Kirby home cleaning systems and Wayne Water Systems and Campbell Hausfeld products. [50], On March 21, 2022, Berkshire Hathaway announced it was buying insurance company Alleghany for $11.6 billion. By December 31, 2016, Berkshire had built up a stake of 57.4 million shares (1.1% of Apple) with an estimated average acquisition price of $110 per share (before the 2020 4:1 split). Notes: Became a billionaire after an early investment in Berkshire. Among its partially owned businesses are Pilot Flying J (80%),[5] Kraft Heinz Company (26.7%), American Express (18.8%), Bank of America (11.9%), The Coca-Cola Company (9.32%) and Apple (5.57%). A few weeks later, Warren Buffett received the tender offer in writing, but the tender offer was for only $1138. Theron Mohamed Sep 20, 2021, 8:42 AM Warren Buffett. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. This statement is furnished in connection with the solicitation by the Board of Directors ("Board") of Berkshire Hathaway Inc. The Edison Electric Institute, the trade association for investor-owned utilities, also promoted the Iowa bill, which passed the Iowa Senate but ultimately died in the House.