Louis Simpson News
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John J. Byrne, whose turnaround of auto insurer Geico Corp. led billionaire Warren Buffett to buy the company and call him “the Babe Ruth of insurance,” has died. He was 80.
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Louis Simpson , the investor who picked stocks on behalf of billionaire Warren Buffett ’s Berkshire Hathaway Inc . for more than a decade before stepping down, is going into business for himself.
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Lawrence S. Pidgeon, a former Goldman, Sachs & Co. analyst who went to work for Warren Buffett’s stock picker before founding his own investment firm, CBM Capital Inc., has died. He was 49.
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Chesapeake Energy Corp., the U.S. energy explorer battered by collapsing natural-gas prices and growing investor mistrust, will replace almost half its board under pressure from billionaire investor Carl Icahn.
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Billionaire investor Carl Icahn bought a 7.56 percent stake in Chesapeake Energy Corp. and demanded new directors amid growing shareholder concern about management of the second-largest U.S. natural-gas producer.
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Carl Icahn’s makeover of Chesapeake Energy Corp.’s board may be too late to shield the U.S. natural- gas producer from a gathering storm of wrong-way bets on energy demand, plunging oil prices and corporate-governance failures.
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Chesapeake Energy Corp.’s efforts to defuse a shareholder revolt over Chief Executive Officer Aubrey McClendon’s personal finances and management missteps have intensified calls for his dismissal.
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Warren Buffett’s Berkshire Hathaway Inc. may have been too quick to complete the sale of a stake in CarMax Inc., the largest U.S. seller of used cars.
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