Berkshire then restarted buying Apple stock again between September to December. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Despite this, Berkshire sold its entire holdings in 2020. [91], On October 2, 2014, Berkshire Hathaway Automotive, an auto dealership subsidiary, was created through the acquisition of Van Tuyl Group, the remaining largest auto dealer in the nation and independently owned up to that date. B y John McCrank and Jonathan Stempel NEW YORK, May 3 (Reuters) - For some Berkshire Hathaway shareholders a list of post-pandemic challenges including looming inflation, a dearth of. At the peak of the financial crisis in September 2008, Berkshire invested $5 billion in preferred stock in Goldman Sachs to provide it with a source of funding when capital markets had become constrained. [112], On March 25, 2011, Berkshire Hathaway made its first foray[113] into the Indian insurance sector with its non-direct subsidiary BerkshireInsurance.com. Versatile senior executive with 11 years of experience providing executive leadership in the areas of strategic operations, client portfolio management, start-ups,marketing, and finance. [22], Berkshire Hathaway has never split its Class A shares because of management's desire to attract long-term investors as opposed to short-term speculators. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. The initial position was for 9.8 million shares (0.2% of Apple) worth $1 billion. [136], In 2022, Berkshire Hathaway disclosed that it has sold its remaining stakes with Wells Fargo during the first quarter.[137]. Its segments include Insurance, such as GEICO, Berkshire Hathaway Primary Group and Berkshire Hathaway Reinsurance Group; Burlington Northern Santa Fe, LLC, which is engaged in the operation of the railroad system; Berkshire Hathaway Energy, which includes regulated electric and gas utility; Manufacturing, which includes manufacturers of various products, including industrial, consumer and building products; McLane Company, which is engaged in the wholesale distribution of groceries and non-food items; Service and retailing, which includes providers of various services, including shared aircraft ownership programs, aviation pilot training, electronic components distribution and various retailing businesses, including automobile dealerships and furniture leasing. [27] The 2006 movie depicted actresses Jamie Lee Curtis and Nicollette Sheridan lusting after Munger. [50], On March 21, 2022, Berkshire Hathaway announced it was buying insurance company Alleghany for $11.6 billion. Link to SEC Filings. Max Reyes. According to its website, the company has 1,800 instructors and offers more than 4,000 individual courses for 135 aircraft types, using more than 320 flight simulators to serve customers from 167 countries.[67]. 2. Helzberg is a chain of jewelry stores based in Kansas City that began in 1915 and became part of Berkshire in 1995.[71]. [99] After a selloff of IBM stock in February 2018,[100] on May 4, 2018, Buffett announced that Berkshire had completely sold its stake in IBM, and purchased more of Apple.[101][102][103]. Berkshire's annual shareholders' meetings take place at the CHI Health Center in Omaha, Nebraska. [126] Berkshire divested 86.2% of its stake by the next quarter. An error has occurred, please try again later. [78], In 2012, Berkshire Hathaway bought Texas dailies The Eagle in Bryan-College Station and the Waco Tribune-Herald. Mr. Katz has served on the board of directors of Berkshire Bancorp, Inc. since June 2013. Berkshire retains a fortress balance sheet with cash and equivalents over $144 billion versus almost $141 billion at the end of June 2021, which provides flexibility to take advantage of. 7. [62] Finally in 2001, Berkshire acquired 87 percent of Dalton, Georgia-based Shaw Industries, Inc.[63] Shaw is the world's largest carpet manufacturer based on both revenue and volume of production and designs and manufactures over 3,000 styles of tufted and woven carpet and laminate flooring for residential and commercial use under approximately 30 brand and trade names and under certain private labels. He is currently the chairman and CEO of Berkshire Hathaway. Bank of America says a new bubble may be forming in the stock market and shares a cheap strategy for protection that is 'significantly' more profitable than during the past 10 years, GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds and have crushed the market this year, Registration on or use of this site constitutes acceptance of our. Insurance and reinsurance business activities are conducted through approximately 70 domestic and foreign-based insurance companies. [54] Barron's also reported on an analysis that suggested the company could be worth $1,000 a share, compared to the offer of $848.02. [citation needed], In June 2014, the firm's cash and cash equivalents rose past $50 billion, the first time it finished a quarter above that level since Buffett became chairman and chief executive officer. At the Berkshire Hathaway 2021 annual meeting, executive vice chair Charlie Munger made an offhand remarking identifying Greg Abel as the successor to CEO Warren Buffett. American multinational conglomerate holding company, (19291955; formed in 1929 by the merger of Valley Falls Company and Berkshire Cotton Manufacturing Company), largest American-owned private employers in the United States, Public Utility Holding Company Act of 1935, Union Underwear Corp. Fruit of the Loom, List of assets owned by Berkshire Hathaway, "US SEC: Form 10-K Berkshire Hathaway Inc", "Warren Buffett's Berkshire Hathaway quietly made a $8.2 billion acquisition that taps into the electric-vehicle boom", "Apple hits record high after Buffett's Berkshire increases stake", "Berkshire Hathaway shares topped $500,000 eachhere's why Warren Buffett says he'll never split the stock", "John Kostrzewa: Rich and richer: Berkshire, Buffett and R.I.'s Chace family", "CNBC Transcript: Warren Buffett's $200B Berkshire Blunder and the Valuable Lesson He Learned", "Berkshire Hathaway to join S&P 500, shares soar", "Buffett's Berkshire Hathaway joins S&P 500 Index", "Warren Buffett's Berkshire Hathaway named most respected company", "Berkshire Hathaway, Form 10-Q, Quarterly Report, Filing Date Nov 7, 2008", "Buffett to Invest $5billion in Goldman", "Buffett Says He Backs Goldman's Blankfein 100%", "Warren Buffett: Value Man Through And Through", "Berkshire Hathaway's annual meeting Quartz Obsession", "Buffett's bash begins Saturday in Omaha", "Pilgrimage to Omaha My story of the Berkshire Hathaway AGM (Annual general meeting) of 2004 and meeting Warren Buffett", "Whitney Tilson's 2006 Berkshire Hathaway Annual Meeting Notes", "Bill Gates to Leave Boards of Microsoft and Berkshire Hathaway", "Berkshire moves step closer to Buffett succession", "Berkshire Hathaway is pleased to announce that Todd Combs will soon be joining Berkshire as an investment manager", "Berkshire Hathaway, Form 10-K, Annual Report, Filing Date Mar 1, 2013", "Berkshire Hathaway to Add Second Investment Manager", "Buffett Waits on Fat Pitch as Cash Hoard Tops $50 Billion", "Buffett's Annual Letter: Berkshire Records $29 Billion Gain From Tax Law", "Berkshire Hathaway Inc, Current Report, Filing Date Jan 10, 2018", "Warren Buffett's Berkshire Hathaway expands its board", "Warren Buffett Still Hasn't Revealed a Berkshire Hathaway Succession Plan", "BERKSHIRE HATHAWAY ANNUAL & INTERIM REPORTS", "Berkshire Hathaway Annual & Interim Reports", "Fortune 500 Companies 2018: Who Made the List", "Berkshire Hathaway Inc, Form 10-K, Annual Report, Filing Date Mar 30, 1999", "Berkshire Hathaway, Form 8-K, Current Report, Filing Date Jan 5, 1999", "Berkshire Hathaway to buy reinsurer, start bond insurer", "Berkshire Hathaway, Form 10-Q, Quarterly Report, Filing Date May 2, 2008", "Berkshire Unit Settles With California Regulator Over Workers Comp Insurance", "Applied Underwriters Sold to Founder in $920M Deal", "Berkshire to buy insurer Alleghany for $11.6 billion in Warren Buffett's biggest deal in years", "Berkshire's $11.6B Alleghany Deal Expands Insurance Business", "Berkshire's $11.6B Alleghany deal expands insurance business", "Why a Bidding War for Alleghany Could Erupt", "Why the Insurer Alleghany Could Be Worth $1,000 a Share", "Warren Buffett's disdain for investment banking 'money-shufflers' leads to lower takeover price for Alleghany Corp. shareholders", "The 1 Stock Warren Buffett Is Most Likely to Sell in 2015", "Buffett's Berkshire slashes Goldman stake; exits Phillips 66, Travelers", "Warren Buffett Sold Phillips 66 -- Here's Why I'm Holding (and May Buy More)", "Links to Berkshire Hathaway Sub. Collectively, the aggregate statutory surplus of Berkshire's U.S.-based insurers was approximately $48billion as of December31, 2004[update]. Berkshire Hathaway Energy subsidiaries have also increased their investments in gas infrastructure. Previously it was a privately held conglomerate owned by the Pritzker family for over fifty years, which owned and operated an assortment of manufacturing companies that produce railroad tank cars, shopping carts, plumbing pipes, metal fasteners, wiring and water treatment products used in residential construction. To act on four shareholder proposals if properly presented at the meeting. [18][19][20], As of July13, 2016[update], Buffett owned 31.7% aggregate voting power of Berkshire's shares outstanding and 18.0% of the economic value of those shares. Flying Cross manufacturers public safety uniforms and Vertx is a civilian tactical clothing company. The Sierra Club says Warren Buffetts PacifiCorp, which serves customers in six western states, is on track to be burning more coal in 2030 than any other U.S. utility: https://t.co/5bu7pc0cEX via @petedanko. [81], On January 29, 2020, Lee Enterprises announced an agreement with Berkshire Hathaway to acquire BH Media Group's publications and The Buffalo News for $140 million in cash. The NCCI Board of Directors includes: Lisa Corless (Board Chair) President and CEO. CORPORATE GOVERNANCE POLICIES OF THE BOARD OF DIRECTORS. On Wednesday, March 1, 2023, a Delaware judge dismissed claims against directors of McDonalds . Sign In. The stores offer various dairy desserts, beverages, prepared foods, blended fruit drinks, popcorn, and other snack foods. Not all companies do or will disclose without a mandatory framework, raising the cost, or resulting in the misallocation, of capital. Companies, Charlie Munger's Letters to Wesco Shareholders, Celebrating 50 Years of a Profitable Partnership, Information Regarding Warren E. Buffett's Annual Contributions to Five Foundations, Facts Regarding Berkshire's 2021 Investments in Activision Common Stock. A few weeks later, Warren Buffett received the tender offer in writing, but the tender offer was for only $1138. View detailed BRK.A description & address. Read more: Famed economist David Rosenberg says investors are falling into a classic market trap that's historically preceded a further meltdown and warns 'there's not going to be much of a recovery', Notable past and present roles: Berkshire director (2018 - present); Berkshire vice chairman of non-insurance operations (2018 - present); Berkshire Hathaway Energy CEO (2008-2018); Kraft Heinz director (2015 - present), Read more: MORGAN STANLEY: Buy these 23 high-growth stocks that look poised to deliver market-beating returns over the long term, Notable past and present roles: Berkshire director (2018 - present); Berkshire vice chairman of insurance operations (2018 - present); executive vice president of National Indemnity (1996 - present). Licensed under a Creative Commons Attribution 3.0 License by Energy and Policy Institute. Board of Directors. [57] Buffett frequently referred to Phillips 66 as one of the best businesses Berkshire invested in because of its consistent dividends and share buyback programs. TTI's extensive product line includes; resistors, capacitors, connectors, potentiometers, trimmers, magnetic and circuit protection components, wire and cable, identification products, application tools, and electromechanical devices. The companys resistance to disclosing climate risks to investors comes as financial regulators move to strengthen corporate climate risk disclosure rules, and the Biden administration is expected to announce an executive order on climate related financial risk. [125], In the third quarter of 2022, Berkshire purchased 60 million shares in semiconductor manufacturing company TSMC, acquiring a $4.1billion stake. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. These are the highlights of the 2021 Berkshire Hathaway annual meeting. And BNSF is a major rail carrier of coal, and along with Union Pacific is the most exposed to weakening thermal coal demand, according to a Moodys report. In 1955, Berkshire Fine Spinning Associates merged with the Hathaway Manufacturing Company which had been founded in 1888 in New Bedford, Massachusetts, by Horatio Hathaway with profits from whaling and the China Trade. Meanwhile, the Biden administration is expected to announce an executive order directing several federal agencies to respond to climate risks. write us at the address shown above. Berkshire acquired Russell Corporation on August 2, 2006, for $600million. But the utilitys integrated resource plan leaves other coal plants running beyond 2030. Charles Schwab Investment Management, Inc. T. Rowe Price Associates, Inc. (Investment Management). Oracle. In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also includes life, accident, and health reinsurers, as well as internationally based property and casualty reinsurers. https://www.barrons.com/articles/berkshire-hathaway-names-warren-buffetts-daughter-and-money-manager-chris-davis-to-its-board-51634767965. Berkshire Hathaway's board of directors is opposing a proposal from major shareholder groups that the company publish an annual report disclosing the climate risks it faces, even as the company's energy subsidiaries remain heavily invested in fossil fuels and have been impacted by extreme weather events. Most recently, Berkshire Hathaway Energys subsidiary in Wyoming, Rocky Mountain Power, supported a bill in that state that would have ended net metering, and could have killed the states solar industry, according to the Wyoming Outdoor Council. Julius Baer Family Office Brasil Gesto de Patrimnio Ltda, Warren Buffett, in annual letter, stays upbeat and preaches patience. Chace founded his first textile mill in 1806. The. Pacificorp received an F grade in a report published by the Sierra Club and UC Santa Barbara Professor Leah Stokes, which found that the utilitys plans leave it with the most remaining coal without a 2030 retirement commitment of any U.S. electric utility. That caused Berkshire to fall out of compliance with New York Stock Exchange rules requiring that a majority of board members be independent. Updated February 25, 2023. On June 8, 2017, it was announced that Berkshire Hathaway had settled with California's insurance regulator, allowing its Applied Underwriters unit to sell a revised version of its "controversial" compensation insurance policies for workers in the state. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Berkshire's other investments tied to real estate include Clayton Homes, which makes manufactured housing. [89] The two most significant of these businesses are Kirby home cleaning systems and Wayne Water Systems and Campbell Hausfeld products. Board of Directors Hamilton E. James Chairman of the Board Susan Decker Director Kenneth D. Denman Director Richard A. Galanti Executive Vice President, CFO and Director W. Craig Jelinek CEO and Director Sally Jewell Director Charles T. Munger Director Jeff Raikes Director John W. Stanton Director Ron Vachris President, COO and Director In 2019, the NetJets program operated more than 10 aircraft types with a fleet size of greater than 750. Under the Articles of Association, the Board of Directors is responsible for the management of the Company and consists of a maximum of 12 members, appointed and removed at the Shareholders' Meeting. Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. Read more: David Herro was the world's best international stock picker for a decade straight. [37][38] While Buffett has not further elaborated on his succession plans, he praised his two top executives in an annual shareholder letter, fuelling speculation that Jain and Abel are the logical successors. Berkshire Hathaway Energy lobbyists have also pushed a proposal to build ten new gas plants in Texas. In Iowa, a derecho storm in August 2020 caused $56 million in damage to MidAmerican Energys electric system.. Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Utility Front Group Advertisement Tracker, American Coalition for Clean Coal Electricity, Gas utilities push RNG and hydrogen to expand fossil fuel infrastructure, AGA uses millions of dollars from utility customers to promote a fossil fuel agenda, Internal documents detail how gas utilities greenwash RNG and hydrogen, Front groups and trade associations funded by gas utilities fight electrification policies, List of deceptive RNG and hydrogen projects, UARG, the sequel? John. Schwarzenegger is later shown arguing in a gym with Buffett regarding Proposition 13. Berkshire's 2002 quarterly reports are scheduled to be posted on the Internet on May 11, August 10 and November 9. Berkshire Hathaway has named Susan Buffett, the daughter of CEO and Chairman Warren Buffett, and investment manager Chris Davis to its board of directors. They would be sold by brokers working for big commissions, would impose other burdensome costs on their shareholders, and would be marketed en masse to unsophisticated buyers, apt to be seduced by our past record and beguiled by the publicity Berkshire and I have received in recent years. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. [39], On May 3, 2021, Warren Buffett chose Greg Abel to be his successor as CEO of Berkshire Hathaway. The combined company was known as Berkshire Fine Spinning Associates.[10]. As of December31, 2022,[update] Berkshire owns 5.8% of Apple with 915.6million shares, according to the company's February 14, 2023, 13G filing. Jul 2021 - Jul 2022 1 year 1 month. Berkshire made its first investment in Tesco in 2006 and in 2012 raised this stake to over 5% of the company[131] with a cost for the investment of $2.3 billion. CEO Name CEO Pay Median Employee Pay CEO Pay Ratio Warren E. Buffett CEO Pay$373,204 Median Employee Pay$58,881 CEO Pay Ratio6:1 Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 2014 Annual Meeting Highlight Reel. Due to the COVID-19 pandemic, the Annual Meeting will be held in a . [129][127], In media reports, Buffett says that Apple has developed an ecosystem and level of brand loyalty that provides it with a competitive moat, and that consumers appear to have a degree of price insensitivity when it comes to the iPhone. Berkshire's Board of Directors has agreed that Mr. Abel should replace . ISS disclosed its recommendations to investors on Friday, saying they should withhold votes from Susan Decker, David Gottesman, Walter Scott Jr and Meryl Witmer, who make up the compensation. Tesla has added two new board members, it said Friday: Larry Ellison and Kathleen Thompson-Wilson. Susan Buffett and Christopher Davis are the new directors, Berkshire said . To visualize Berkshire Hathaway's segments, we display them as entity nodes under the primary entity: Berkshire itself. Berkshire Hathaway The company began its BH Media Group subsidiary with a purchase of the Omaha World-Herald in December 2011,[76] which included six other daily newspapers and several weeklies across Nebraska and southwest Iowa. From humble beginnings, Buffett, known to millions as the ultimate no-nonsense value investor, has amassed a $100bn (72bn) fortune leading Berkshire Hathaway, a $644bn investment group. At the time of purchase, Berkshire's voting interest was limited to 10% of the company's shares, but this restriction ended when the Public Utility Holding Company Act of 1935 was repealed in 2005. watch now. In addition to Berkshire Hathaway Energys exposure to climate transition risks from its fossil fuel investments, the company is also exposed to physical climate risks, such as fires, drought, and stronger storms. While Buffett has famously avoided tech stocks, he has said that Apple is a consumer products company and that he understands consumer products businesses. [42] As of 2018[update], Berkshire Hathaway is ranked third on the Fortune 500 rankings of the largest United States corporations by total revenue.[43]. These stakes were worth a total of over $6 billion as of August 2020. Last month the Climate Action 100+ coalition, which includes hundreds of investors that collectively manage assets worth more than $54 trillion, published assessments of 159 major emitting companies climate plans and performance. In 2002, Berkshire acquired the remaining 12.7 percent of Shaw. Copyright 1978-2023 Berkshire Hathaway Inc. The famed investor's. Howard G. Buffet, President of Buffett Farms and Chairman and Chief Executive Officer of the Howard G. Buffett Foundation (and Warren Buffet's son) The shareholder groups asked the Berkshire Hathaway board to reconsider its opposition to the proposal, and also noted that we will ask Deloitte as your financial auditor to address how it independently evaluates company climate-related financial disclosures, risk, and opportunities at Berkshire.. Annual Meeting Information. Mr. Davis is Chairman of Davis Select Advisors. The Chief Executive Officer, Warren E. Buffet Charles T. Munger, Vice Chairman of Berkshire Hathaway. On this Wikipedia the language links are at the top of the page across from the article title. Buffett initially maintained Berkshire's core business of textiles, but by 1967, he was expanding into the insurance industry and other investments. Many risks are already taking effect, impacting the value of companies across multiple sectors. May 3, 2021 By Nick Clarkson, Web Editor May 3, 2021, 11:51 am . [82], Berkshire Hathaway Energy's HomeServices of America (see complete list of companies) is a residential real estate brokerage firm based in Minneapolis, Minnesota, and founded in 1998. Berkshire Hathaway, the conglomerate led by Warren Buffett, is among the companies that appears to be falling far short of large institutionalinvestors expectations for climate risk disclosure. The Board is charged with the overall conduct of the Company, the management, direction and performance of the Company and its business. "[128], In May 2016, it was revealed in a regulatory filing that Berkshire had acquired a stake in Apple Inc. Buffett was reluctant to create the class B shares but did so to thwart the creation of unit trusts that would have marketed themselves as Berkshire look-alikes. [97], As of February 2023, roughly 75% of Berkshire's equity securities were concentrated in five companies: American Express Company ($26.29 billion), Apple Inc. ($135.47 billion), The Coca-Cola Company ($23.91 billion), Chevron Corporation ($27.17 billion), and Bank of America Corporation ($35.36 billion)[98]. Buffett: I'm staying on Coke's board. Copyright 1978-2023 Berkshire Hathaway Inc. News Releases from Berkshire Hathaway and from Warren Buffett, Berkshire Hathaway Energy Investor Presentations, Special Letters from Warren & Charlie RE:Past, Present and Future, Warren Buffett's Letters to Berkshire Berkshire Hathaway Energy Investor Presentations. To consider and act upon any other matters that may properly come before the meeting or any adjournment thereof. [110] This was the largest acquisition to date in Berkshire's history. As we move into March, quite a few of the 49 securities held in Berkshire Hathaway's $328 billion investment portfolio look . Attendance has grown over the years with 2018 numbers totaling over 40,000 people. Joe Smyth April 22, 2021. I don't yet have the final results for 2022. [21] Berkshire's vice-chairman, Charlie Munger, also holds a stake big enough to make him a billionaire, and early investments in Berkshire by David Gottesman and Franklin Otis Booth Jr. resulted in their becoming billionaires as well. The 2004 movie featured Arnold Schwarzenegger in the role of "The Warrenator" who travels through time to stop Buffett and Munger's attempt to save the world from a "mega" corporation formed by Microsoft-Starbucks-Wal-Mart. [61] Berkshire acquired Fruit of the Loom on April 29, 2002, for $835million in cash. Majority Action, an organization that works with shareholders to hold corporations accountable on climate risks and other issues, also urged shareholders to vote against Warren Buffet at the Berkshire Hathaway annual meeting because of the companys failure to establish a net zero target, align its investment plans to limit global warming to 1.5C, or ensure its lobbying efforts support those goals. Since October 2021, Mr. Smith also serves on the Board of Directors of Health Care Service Corporation. Over the last two years, most major investor-owned electric utilities in the U.S. have announced net zero goals. [12], In 2010, Buffett claimed that purchasing Berkshire Hathaway was the biggest investment mistake he had ever made, and claimed that it had denied him compounded investment returns of about $200billion over the subsequent 45 years. In addition, Mr. Katz is a managing member of K.F. Clayton's finance business, (loans to manufactured home owners), earned $206million down from $526million in 2007. [70] This joined Berkshire's other jeweler acquisition, Helzberg Diamonds. He has been in this role since January 2018, and has been a member of the Berkshire Hathaway board of directors since. In November 2012, Berkshire announced they would acquire the Oriental Trading Company, a direct marketing company for novelty items, small toys, and party items. In aggregate, the 500 earned $1.8 trillion in 2021. Berkshire discloses under which segments a few subsidiaries operate. The MEMIC Group. [28] The meeting, scheduled to last 68 hours, is an opportunity for investors to ask Buffett and Munger questions. [95], As well as owning companies outright, Berkshire maintains a concentrated portfolio of equities and investments which has historically been managed by Warren Buffett. [104] Goldman maintained the right to purchase back the preferred stock and in March 2011 exercised this right paying $5.5 billion to Berkshire (the preferred stock could only be purchased back at a 10% premium). The members of the three key committees Audit, Compensation and Governance and Public Policy are all independent directors. See the full leadership team at Craft. If you have any comments about our WEB page, you can Image source: The Motley Fool. He'd like to own more", "Warren Buffett increases stake in Tesco", "Warren Buffett admits 'thumb-sucking' over Tesco cost him $444m", "Buffett's Berkshire takes stakes in four major airlines", "Airline Shares Reach Record as Buffett's Berkshire Extends Bet", "Warren Buffett's Berkshire Hathaway finally bails on Wells Fargo", https://en.wikipedia.org/w/index.php?title=Berkshire_Hathaway&oldid=1142616348, Companies listed on the New York Stock Exchange, Conglomerate companies established in 1839, Conglomerate companies of the United States, Financial services companies established in 1839, Investment companies of the United States, Multinational companies headquartered in the United States, Television broadcasting companies of the United States, Pages with non-numeric formatnum arguments, Articles with dead external links from October 2016, Articles with permanently dead external links, Articles with dead external links from June 2019, All Wikipedia articles written in American English, All Wikipedia articles needing clarification, Wikipedia articles needing clarification from January 2020, Articles containing potentially dated statements from July 2016, All articles containing potentially dated statements, Articles with unsourced statements from May 2021, Articles containing potentially dated statements from 2018, Articles containing potentially dated statements from 2004, Articles with unsourced statements from March 2020, Articles containing potentially dated statements from March 2013, Articles with unsourced statements from September 2021, Articles containing potentially dated statements from December 2022, Creative Commons Attribution-ShareAlike License 3.0, As a textile manufacturing company in 1839. Business data for Berkshire Hathaway Inc. (Class A): Business data for Berkshire Hathaway Inc. (Class B): This page was last edited on 3 March 2023, at 12:19. 3. A major subsidiary of Berkshire Hathaway Energy is Northern Powergrid, which operates in the UK.[60]. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power and natural gas distribution.