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Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and vice chairman Charlie Munger, who are known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.
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The Buffett Foundation is a charitable organization formed 1964 in Omaha, Nebraska, by investor and industrialist Warren Buffett as a vehicle to manage his charitable giving. It was renamed the Susan Thompson Buffett Foundation in honor of his wife, Susan Buffett, who died in 2004.
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Kansas Bankers Surety Company (KBS) is an insurance company based in the United States. It is a subsidiary of Berkshire Hathaway, the investment vehicle of Warren Buffett. It specializes in the writing of surety bonds for the officers of small, state chartered banks in the Midwestern United States. It formerly also wrote deposit insurance at such banks for coverage in excess of the per-depositor limits of the Federal Deposit Insurance Corporation, but this line of business was discontinued in 2008.
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References
- ↑ S, Anusha; Krishnan, Janaki (2003-06-27). "Warren Buffett testing Indian market". Rediff. Archived from the original on 2007-03-10. Retrieved 2007-03-24.
- ↑ Kim, Tae (2018-01-10). "Warren Buffett takes a step closer to naming a successor as Berkshire appoints Abel and Jain to board as vice chairs". CNBC. Retrieved 2018-01-12.
- ↑ "The India-born banker who transformed Deutsche Bank is on his way out". Quartz (publication). June 8, 2015.
- ↑ "Ajit Jain leads pack to take over from Warren Buffett". Hindustan Times. 2012-05-08. Archived from the original on July 6, 2014.
- ↑ Holm, Erik; Ng, Serena (2012-05-05). "In Ajit Jain, Some See Next Buffett". The Wall Street Journal. pp. B1–B2. Retrieved 2015-04-05.
- 1 2 3 Miles, Robert P. (2001). The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers . New York: John Wiley & Sons. pp. 69–70. ISBN 0-471-44259-3.
- ↑ "Ajit Jain: Berkshire's next Oracle?". Rediff India Abroad. 2009-03-06. Retrieved 2010-05-15.
- ↑ Urban, Rob (2006-07-11). "Jain, Buffett Pupil, Boosts Berkshire Cash as Succession Looms". Bloomberg News. Retrieved 2006-07-23.
- ↑ "Berkshire Hathaway Shareholder Letter for 2014" (PDF).
his successors would not be 'of only moderate ability.' For instance, Ajit Jain and Greg Abel are proven performers
- ↑ "Ajit Jain may head Buffett firm". The Asian Age. Press Trust of India (PTI). 2015-03-02. Archived from the original on 2015-04-02.
- ↑ Kim, Tae (10 January 2018). "Warren Buffett takes a step closer to naming a successor as Berkshire appoints Abel and Jain to board as vice chairs". CNBC . Retrieved 10 January 2018.
- ↑ Steve Jordon (May 2, 2015). "Meet Ajit Jain, the man in charge of Warren Buffett's profit machine". Omaha World-Herald. Retrieved April 24, 2016.
- ↑ "It's personal: Big business searches for cures". Fortune . 2011-11-10. Retrieved 2014-07-27.
- ↑ "Jain Foundation Steps Up Efforts to Find Cure for Muscular Dystrophy". Genetic Engineering & Biotechnology News . 2013-10-16. Retrieved 2014-07-27.
