Word: buffett
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Human Error. Until recently, it was impossible to get the figures that tell the rags-to-riches story. But the Tax Reform Act of 1969 required tax-exempt Boys Town to file a public statement of financial position for the first time. Warren Buffett, 41, owner of seven Omaha weekly newspapers that have already won two national awards, last week seized the opportunity to publish the first expose of Boys Town's finances; a six-man team headed by Editor Paul Williams had worked on the project since November. Buffett, a Protestant and self-made millionaire who until...
Father Wegner responded to Buffett's story by explaining: "This is a business. No business ever stops trying to save for unknown contingencies. If we go into the retarded business, we'll need the money." That is true enough; caring for retarded children costs considerably more than the $6,000 per boy the town now spends each year. In fact, providing such care is one of the new directions that Boys Town may take in a belated effort to catch up with the times. Recently its 17-member board voted to seek outside professional counsel in charting Boys...
Under the Door. His death, which came on the last day for filing in the primary elections, caused an unseemly scramble in Nebraska. Less than 90 minutes after Butler died, a Lincoln attorney representing fiery-eyed ex-Congressman Howard Buffett of Omaha knocked on the door of Secretary of State Frank Marsh's home in Lincoln, and asked Marsh to accept Buffett's filing for Butler's unexpired term. Secretary Marsh, holding that the deadline had passed when he locked his statehouse office at 5 p.m.. refused. Later that night, in the quiet darkness...
...hour later Buffett filed an appeal with the State Supreme Court, left the G.O.P. thoroughly confused. Meanwhile, Republican Governor Robert B. Crosby broke tradition by naming an interim replacement for Butler (to serve until November) even before the Senator's funeral could be held. His choice: Republican Sam Reynolds, Omaha coal dealer...
Victor Johnston moved into Nebraska to set things up. He called Congressman Howard Buffett home to Omaha to help run the show. Johnston-Buffett & Co. made 75,000 telephone calls for Taft, mailed 60,000 pieces of literature, showing how to write in his name. Buffett appealed to the considerable isolationist sentiment in Nebraska. Said he: "Eisenhower ... is the candidate of those who would have American boys die as conscript cannon-fodder thousands of miles across the ocean...