Word: buffett
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...used to ride around with my grandfather in a horse and buggy," remembers Katherine Buffett, 93, of her childhood on a Nebraska farm. "Sometimes he would let me drive the horse myself." These days, when Mrs. Buffett hunkers down in her Hawker 1000 jet, the pilot does not offer her the reins. But he always gets her back home to Omaha on time...
...Monsanto, AlliedSignal and Ameritech swore off soft money in 1997 and have largely stuck to their decision. Wall Street buyout pioneer Jerome Kohlberg has formed an advocacy group that backs candidates who favor campaign-finance reform, and has assembled a cadre of retired corporate chieftains, plus mega-investor Warren Buffett, in support of the effort. "This is the first time a significant number of people in the business community have said enough is enough," says Charles Kolb, president of the Committee for Economic Development...
...then the fact that Disney CEO Michael Eisner was paid $576 million last year is bound to get you whistling a Woody Guthrie tune. Never mind if you?re in the developing world and have have to swallow the fact that the combined worth of Bill Gates, Warren Buffett and Paul Allen ($156 billion) is greater than the combined GNP of the world?s 43 poorest countries...
...billion Assets of the world's three richest men: Bill Gates, Warren Buffett and Paul Allen...
Sure, the tax code favors those who hold 'em. And America has made a hero of Warren Buffett, in part because he had a predilection to own, not trade, during a phenomenal period to be long stocks. But where is it written that holding for eons makes you a sage and owning for a few minutes makes you a fool...