Word: buffett
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...gyrations have been in all the wrong places for Disney of late. Recently the company shut down its Go.com website, laid off 400 of its 2,000 Internet employees and wrote off more than $800 million stemming from its slumping online operations. And famed value investor Warren Buffett dealt the stock, which has been lagging the S&P 500 since November, a psychic blow by revealing that his Berkshire Hathaway company had dumped 80% of its Disney holdings by last March. After two years of such disappointments, and enough bumps and jolts in its movies, TV, consumer products and cable...
...that was Jimmy Buffett...
...politically liberal George Soros. But there are two Rockefellers on the list as well - philanthropist David Rockefeller Jr., former chairman of Rockefeller & Company, and Steven C. Rockefeller, chairman of the Rockefeller Brothers Foundation. Not to mention Agnes Gund, a philanthropist whose family owns stakes in many companies. Warren Buffett, the zillionaire investor who's newly revered these days for weathering the tech bubble-bust with his zillions intact, didn't sign - but only because the petition didn't go far enough...
...have come closer to a true meritocracy than anywhere else around the world," Buffett told the Times. "You have mobility so people with talents can be put to the best use. Without the estate tax, you in effect will have an aristocracy of wealth, which means you pass down the ability to command the resources of the nation based on heredity rather than merit...
...such as McGinn and Procter & Gamble's Durk Jager, who was forced out in June, were sunk by overly rosy earnings projections. In both cases, the chief executive predicted better earnings than he could deliver--twice in Jager's case, three times in McGinn's. At Gillette, director Warren Buffett, famous for his long-term approach, couldn't wait forever for the stock to come around. So he moved...