Sunday, 22nd November 2009

 

11 July 2008 - Press Briefing

Buffett gives away $2bn to charities

Warren Buffett has given away 512,169 Class B shares of Berkshire Hathaway stock to three charitable foundations, in tune with his intention to donate the bulk of his fortune during his lifetime, according to an Associated Press report.

The shares were worth $3,999 each, more than $2bn (€1.2bn) in total, at the close of trading July 1, the day Buffett transferred their ownership.

The Bill & Melinda Gates Foundation received the majority of the shares.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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Diary: Utopia for Yacht Lovers

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