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Warren Buffett

February 28, 2020

Slim investment pickings but succession “urgent” for Warren Buffett, Maersk braces for coronavirus hit on 2020 business, Mack family makes a splash with biggest ever $197 million Europa-Park extension.

Slim investment pickings but succession “urgent” for Warren Buffett

Warren Buffett, the influential US investor and family office principal, is having trouble finding the next big acquisition to spend $128 billion on, but his successors may have better luck.

November 9, 2019

Warren Buffett tops up cash pile to $128 billion, Solvay shakes up structure and management against headwinds, Hays family tout capital reinvestment and the personal touch in Thomas Cook takeover.

Warren Buffett tops up cash pile to $128 billion

The family office of prolific US investor Warren Buffett (pictured) has conserved $128 billion in cash in its third quarter, up from $122.4 billion in the previous quarter, backing up a recession-warning trend revealed in The Global Family Office Report 2019.

February 28, 2019

Saputo to buy UK cheese maker Dairy Crest for $1.3 billion, Warren Buffett admits overpaying for Kraft Heinz, and JAB broadens portfolio with stake in pet hospitals.

Saputo to buy UK cheese maker Dairy Crest for $1.3 billion

Family-owned Canadian dairy giant Saputo is set to enter the British market for the first time after offering to buy cheese and butter maker Dairy Crest in a £975 million ($1.3 billion) deal, just months after acquiring Australia’s biggest dairy producer.

March 1, 2018

Rothschild makes way for son, Buffett’s $29 billion tax cut, family firms have worse management practices, study says.

Rothschild makes way for son

David de Rothschild, chairman of Rothschild & Co, is expected to set aside this year, to make way for his son and successor Alexandre.

The elder de Rothschild, pictured, has run the UK part of the investment group back since 2004, oversaw its merger with its French arm, and has run the joint effort since 2012.

January 31, 2018

VW caught in monkey test scandal; Berkshire, Amazon, JP Morgan plan healthcare non-profit; and Thomson Reuters family sell F&R business

VW caught in monkey test scandal

The reputation of family-owned Volkswagen has taken another hammering, after it became the scapegoat for emissions tests which forced monkeys to breathe diesel fumes.

November 3, 2017

Warren Buffett famously said: “It takes 20 years to build a reputation and five minutes to ruin it".

Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it”. These days, given the influence of social media and direct consumer feedback, the smallest issue can have widespread consequences for businesses. Not surprisingly, a survey by the Reputation Institute revealed that reputation is a top priority for 65% of business leaders. However, only 16% felt their organisation had the capability to manage their reputation comprehensively.

February 21, 2017

 A proposed $143 billion takeover of consumer giant Unilever by family-backed Kraft Heinz has been withdrawn less than 48 hours after the deal was first tabled.

A proposed $143 billion takeover of consumer giant Unilever by family-backed Kraft Heinz has been withdrawn less than 48 hours after the deal was first tabled.

Kraft Heinz made an initial offer on 17 February but withdrew it on 19 February with both companies issuing an unusual joint statement: “Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever.”

May 9, 2012

Details of Berkshire Hathaway’s attempts to find and prepare a replacement for Warren Buffett are unlikely to be revealed any time soon, after shareholders voted against a proposal for formal annual updates on the company’s succession plans.

Details of Berkshire Hathaway’s attempts to find and prepare a replacement for Warren Buffett are unlikely to be revealed any time soon, after shareholders voted against a proposal for formal annual updates on the company’s succession plans.

The resolution, tabled by labour union AFL-CIO, was rejected with 672,000 votes against and 32,000 for.

February 27, 2012

Warren Buffett has chosen who will succeed him as chief executive of Berkshire Hathaway, but the Sage of Omaha did not reveal his replacement's name.

Warren Buffett has chosen who will succeed him as chief executive of Berkshire Hathaway, but the Sage of Omaha did not reveal his replacement's name.

The 81-year-old had previously indicated that the Buffett family’s involvement in the company would continue – saying his son Howard would likely take over as non-executive chairman of the Nebraska-based company.

But up until last weekend, it was not clear if there were any succession plans in place for the chief executive role.

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