For the purpose of this analysis‚ I will examine Berkshire Hathaway and its long standing CEO Warren Buffet. In some circles‚ the name Berkshire Hathaway and Warren Buffet himself are synonymous with ethics in business. In March 2011‚ the Wall Street Journal reported on the departure of Buffett’s long-standing lieutenant David Sokol‚ often thought to be the imminent successor after Buffett’s retirement (Ovide‚ 2011). As published in the article‚ Buffett made it clear how important it is to avoid
Premium Berkshire Hathaway Ethics Warren Buffett
Berkshire Hathaway Inc. to: William Cochran from: subject: Pacificorp Acquistion analysis and recommendation date: The following memo analyzes MidAmerican’s potential acquisition of PacifiCorp. Contents included involve a financial analysis‚ qualitative analysis‚ valuation‚ and acquisition recommendation. After careful review‚ MidAmerican should acquire PacifiCorp at the current offering price of $9.4 billion ($5.1 billion in cash and $4.3 billion in attached liabilities and preferred
Premium Income Berkshire Hathaway Revenue
Suggested Questions 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically‚ what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? 2. Based on the multiples for comparable regulated utilities‚ what is the range of possible values for PacifiCorp? What questions might you have about this range? 3. Assess the bid for PacifiCorp
Premium Berkshire Hathaway Stock market Warren Buffett
Berkshire Hathaway Business Analysis and Valuation April 2010 Vinod Palikala vpalika@hotmail.com Business Analysis and Valuation by Vinod Palikala Contents 1. 2. 3. Company Overview ............................................................................................................................... 3 Valuation Approach .............................................................................................................................. 4 Valuation ...............
Premium Berkshire Hathaway Warren Buffett Management
The Berkshire Hathaway Inc. code of ethics is a corporate code of ethics. I Chose corporate because it is a corporation‚ and was written by upper level management as a guideline for possible ethical issues among all involved in the company. This code is written at a currently attainable level‚ as it gives as it a rough guide to confront unethical behavior. This code covers all members‚ employees and officers. This level is appropriate because it creates the basis of moral and ethical standards for
Premium Ethics Morality Berkshire Hathaway
Corporate Valuation Berkshire Partners: Bidding for Carter’s 1. Berkshire brought expertise in finding the right financing structure and operational and strategy related to the retail and manufacturing industry. Berkshire managers believed that the equity portion of a capital structure should be at least 25% to order to achieve the desired results as far as return and to show true commitment to the lending base. When determining the capital structure‚ they also seriously
Premium Private equity Goldman Sachs Investment
Introduction: Berkshire Hathaway is a holding company based in Omaha‚ Nebraska that oversees and manages a number of subsidiary companies. Warren Buffett is the chairman and CEO of Berkshire Hathaway and one of the wealthiest men in the world. He is known as the “Sage of Omaha” for his remarkable savvy in the stock market. What does the company’s code of ethics say about the rights of its workers‚ shareholders‚ consumers‚ and suppliers? Berkshire Hathaway’s Code of Ethics covers directors‚ officers
Premium Warren Buffett Berkshire Hathaway Value investing
Spring Semester Intern New York Start Date Negotiable Bessemer Venture Partners (BVP) is the oldest venture capital firm in the world‚ carrying on a tradition of growth investing that has continued since 1911. With a presence in Silicon Valley‚ Boston‚ New York‚ Israel‚ India‚ Russia‚ and Brazil‚ the firm manages one of the largest venture and growth equity funds in the industry. Over the past 30 years‚ BVP has taken more than 100 companies public and generated top-decile venture returns. BVP was
Premium Investment Venture capital Startup company
Part A Relevant Law Relationship of Partners to Outsiders Common Law Position An outsider has two possible grounds to recover from the partnership – where the partner has actual authority or apparent authority. Actual authority: the authority of a partner to do acts clearly stated and agreed to by the other partners (whether written or oral). Apparent authority: the authority that the partner appears to have to third parties (e.g. buying and selling goods‚ receiving payments‚ issuing
Premium Partnership Corporation Business law
Berkshire Hathaway Phenomenon In the Context of Modern Finance Theory Septtember 2013 Berkshire Hathaway Phenomenon In the Context of Modern Finance Theory Introduction Over the 46 years ending December 2012‚ Warren Buffett (Berkshire Hathaway) has achieved a compound‚ after-tax‚ rate of return in excess of 20% p.a. Such consistent‚ long term‚ out performance might be viewed as incompatible with modern finance theory. This essay discusses the Berkshire Hathaway phenomenon in
Premium Warren Buffett Berkshire Hathaway