dcsimg
 
 

Berkshire Hathaway Base Case

By Mel Duvall  |  Posted 2003-08-01 Print this article Print
 
 
 
 
 

Shareholders nearly deify Warren Buffett for the way he manages his diverse holding company, Berkshire Hathaway of Omaha.

Berkshire Hathaway Base Case

Headquarters: 1440 Kiewit Plaza, Omaha, NE 68131

Phone: (402) 346-1400

Business: A collection of companies in businesses as diverse as insurance, underwear, ice cream, bricks, jewelry, flight services and encyclopedias. More than half of revenue is from insurance.

Chairman and CEO: Warren Buffett

Chief information officer: No such position.

Financials in 2002: $42.4 billion in revenue; $4.3 billion profit; EPS $2,795.

Challenge: Buffett has built an empire buying good companies, with great management, at a fair price. Berkshire now must strike megadeals to make any sizable impact on earnings.

Baseline Goals:

  • Grow stock price 10% a year greater than the Standard & Poor's 500.
  • Redeploy each dollar of retained earnings into a dollar of new business or investment.
  • Act as example for corporate America in executive compensation and accounting for financial results. Buffett's salary: $100,000 a year.
  • Give personal fortune of chairman (currently calculated at $30.5 billion) to charity, upon


  • <12345678910>
     
     
     
     
    Contributing Editor
    Mel Duvall is a veteran business and technology journalist, having written for a variety of daily newspapers and magazines for 17 years. Most recently he was the Business Commerce Editor for Interactive Week, and previously served as a senior business writer for The Financial Post.

     
     
     
     
     
     
     
     
     
     
     

    Submit a Comment

    Loading Comments...
    eWeek eWeek

    Have the latest technology news and resources emailed to you everyday.

    By submitting your information, you agree that baselinemag.com may send you Baselinemag offers via email, phone and text message, as well as email offers about other products and services that Baselinemag believes may be of interest to you. Baselinemag will process your information in accordance with the Quinstreet Privacy Policy.

    Click for a full list of Newsletterssubmit