Berkshire Hathaway
Berkshire Hathaway
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Berkshire Hathaway Inc.
Type
Public (NYSE: BRKA, NYSE: BRKB)
Founded 1839 (as Valley Falls Company)
Founder
Warren Buffett
Headquarters Omaha, Nebraska
Area served USA
Key people Warren E. Buffett (Chairman) & (CEO)
Charles T. Munger (Vice Chairman)
Industry
Property and casualty insurance, Diversified investments
Products
Conglomerate focused on insurance
Market cap
US$ 196 Billion (2008)
Revenue
▲ US$ 118.245 Billion (2007)
Operating income
▲ US$ 20.161 Billion (2007)
Net income
▲ US$ 13.213 Billion (2007)
Total assets
▲ US$ 273.160 Billion (2007)
Total equity
▲ US$ 120.733 Billion (2007)
Employees
233,000 (mostly in subsidiaries) (2008)
Website
www.berkshirehathaway.com
Berkshire Hathaway (NYSE: BRKA for supervoting shares and NYSE: BRKB for nonvoting shares) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. Berkshire Hathaway's core business is insurance, including property and casualty insurance, reinsurance and specialty nonstandard insurance. The Company averaged an annual return in excess of 21% to its shareholders for the last 42 years while employing large amounts of capital and minimal debt.[citation needed]
Warren Buffett is the company's chairman and CEO. Buffett has used the "float" provided by Berkshire Hathaway's insurance operations (a policyholder's money which it holds temporarily until claims are paid out) to finance his investments. In the early part of his career at Berkshire, he focused on long-term investments in publicly quoted stocks, but more recently he has turned to buying whole companies. Berkshire now owns a diverse range of businesses including candy production; retail, home furnishings, encyclopedias, vacuum cleaners, jewelry sales; newspaper publishing; manufacture and distribution of uniforms;
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Berkshire Hathaway Inc.
Type
Public (NYSE: BRKA, NYSE: BRKB)
Founded 1839 (as Valley Falls Company)
Founder
Warren Buffett
Headquarters Omaha, Nebraska
Area served USA
Key people Warren E. Buffett (Chairman) & (CEO)
Charles T. Munger (Vice Chairman)
Industry
Property and casualty insurance, Diversified investments
Products
Conglomerate focused on insurance
Market cap
US$ 196 Billion (2008)
Revenue
▲ US$ 118.245 Billion (2007)
Operating income
▲ US$ 20.161 Billion (2007)
Net income
▲ US$ 13.213 Billion (2007)
Total assets
▲ US$ 273.160 Billion (2007)
Total equity
▲ US$ 120.733 Billion (2007)
Employees
233,000 (mostly in subsidiaries) (2008)
Website
www.berkshirehathaway.com
Berkshire Hathaway (NYSE: BRKA for supervoting shares and NYSE: BRKB for nonvoting shares) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. Berkshire Hathaway's core business is insurance, including property and casualty insurance, reinsurance and specialty nonstandard insurance. The Company averaged an annual return in excess of 21% to its shareholders for the last 42 years while employing large amounts of capital and minimal debt.[citation needed]
Warren Buffett is the company's chairman and CEO. Buffett has used the "float" provided by Berkshire Hathaway's insurance operations (a policyholder's money which it holds temporarily until claims are paid out) to finance his investments. In the early part of his career at Berkshire, he focused on long-term investments in publicly quoted stocks, but more recently he has turned to buying whole companies. Berkshire now owns a diverse range of businesses including candy production; retail, home furnishings, encyclopedias, vacuum cleaners, jewelry sales; newspaper publishing; manufacture and distribution of uniforms;
References: 1. ^ Providence Journal Article July 10, 2006 2. ^ Associated Press • Chairman 's Letter of 1990 Appendix B discusses Buffett 's hands-off management style.^ • Krantz, Matt (15 March 2005)