Auditing An Oracle - ' Berkshire Hathaway Base Case ' (
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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
Projects: Management 
