Warren Buffett’s bet on U.S. banks will generate $123 million more a year after companies including Wells Fargo & Co. and American Express Co. passed the Federal Reserve stress tests and were cleared to lift dividends.
From the panoramic windows of his 20th-floor corporate law office, Harold J. Daub Jr ., a Republican former four-term congressman and mayor of Omaha, Nebraska, shows the imprint his longtime friend David L. Sokol has made on their hometown.
Warren Buffett , who amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers, told CNBC his worst investment was the textile mill that gave its name to Berkshire Hathaway Inc .
Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett , whose list of potential successors shrank in March with the resignation of David Sokol , said the top choice has the integrity the job requires.
Berkshire Hathaway Inc.’s Gregory Abel , considered a candidate to succeed Chief Executive Officer Warren Buffett , got a promotion and the prospect of greater visibility with the resignation of his mentor, David Sokol.