About Warren Buffett
Warren Edward Buffett (born August 30, 1930, in Omaha, Nebraska) is an American investor, businessman and philanthropist.
Read MoreWith an estimated net worth of around US$62 billion, he was ranked by Forbes as the richest person in the world as of March 5, 2008.
Often called the "Oracle of Omaha,"
Buffett is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.
His 2006 annual salary of about $100,000 is tiny by the standards of senior executive remuneration in other comparable companies,
and when he spent $9.7 million of Berkshire's funds on a business jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs. He continues to live in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000.
Buffett is also a noted philanthropist. In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation. In 2007, Buffett was listed among Time's 100 Most Influential People in The World. He also serves as a member of the board of trustees at Grinnell College, where his advice on asset management has led to Grinnell College having the second largest endowment of any liberal arts college in the United States.
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...inancial carrots; some meaningful sticks now need to be part of their employment picture as well.” -Warren Buffett, 2009 annual letter to Berkshire Hathaway shareholders There has been a lot of recent press cove...
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...d behavior and organizational alignment results in a culture of high trust. Consider the example of Warren Buffett — CEO of Berkshire Hathaway (and generally considered one of the most trusted leaders in the world)... (Read Full Article)
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...credible CEO’s and all were control freaks. The only exception to this group that I can think of is Warren Buffett, but even he knows what’s going on and has key indicators about what’s important in his companies. ... (Read Full Article)
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