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...“I think the responsibility ought to be entirely with Greg,” Buffett said from the stage at the CHI Health Center in downtown Omaha....
...During the past year, he oversaw a vexatious legal dispute over Berkshire’s $11bn acquisition of truck stop operator Pilot Travel Centers, according to people familiar with the matter....
...Berkshire had struck a deal about six years ago to acquire an interest in Pilot Travel Centers, founded by billionaire James “Big Jim” Haslam II, patriarch of a powerful Tennessee family....
...It was also the vehicle Berkshire used to buy Pilot Flying J, a truck-stop operator....
...The so-called Oracle of Omaha said in his annual letter on Saturday that there were very few deals that offer the kind of transformative impact past takeovers have had, such as its purchases of insurers...
...The so-called Oracle of Omaha warned Berkshire shareholders that his sprawling $905bn conglomerate had virtually “no possibility of eye-popping performance” in the years ahead....
...In 2005, Ogunlesi, then a top banker at Credit Suisse, was summoned to Omaha, Nebraska, by the energy arm of Warren Buffett’s Berkshire Hathaway to study a large takeover....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...For the first time the figure includes the results of truck stop business Pilot Flying J, which Berkshire took majority control of in January....
...in downtown Omaha, succession at Berkshire....
...After a major redevelopment during the pandemic, David Geffen Hall, home of the New York Philharmonic, is due to reopen at Lincoln Center....
...While he was in charge, the group started mobilising its staff, products and trucks to help communities survive and rebuild in the face of natural disasters and terrorism, a role it still fulfils through...
...But when Buffett opened the meeting, with his usual one-word line, “OK,” a packed audience at the CHI Health Center took to their feet....
...Wartzman, who runs the Drucker Institute’s KH Moon Center for a Functioning Society, credits the retailer with undergoing a “remarkable” transformation in how it treats its people....
...The investor group acquired Scotland’s largest studio as well as Kaufman Astoria Studios in New York and southern California’s CBS Studio Center, where Seinfeld was shot....
...Over the past year, his role as point of liaison with the White House, the Centers for Disease Control and Prevention, and the Food and Drug Administration allowed CVS Health to become a leading provider...
...Just before that deal, it issued $14m in shares to pay for some delivery trucks. Of course, a lower share price makes these all-stock deals, as with Berkshire’s BNSF acquisition, easier....
...The company had planned to seat all four men on stage at the CHI Health Center in downtown Omaha when it had sketched out Saturday’s proceedings earlier in the year....
...The new plant started full-scale production of pick-up trucks in February....
...Rather than the 40,000 people that normally fill the cavernous CHI Health Center for the occasion, he faced nothing but a bunch of video cameras....
...A version of this article was first published by Nikkei Asia on May 5 2021. ©2021 Nikkei Inc....
...The promised vehicles include the Model Y, the Semi-truck, the Pick-up truck and the next-generation Roadster....
...The rolling out of the semi-truck? Or completed financing for Tesla's China factory?...
...The 10.7m illegal immigrants in the US in 2016 was the lowest figure in more than a decade, according to the Pew Research Center....
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