Word: buffetts
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This year’s ceremony was held last Thursday, and Frenk’s fellow award recipients included Jennifer and Peter Buffett, chairs of the NoVo Foundation; Neville Isdell, chairman of the board of the Coca-Cola Company; and Xiaoyi Liao, founder of Beijing Global Village, China’s first green community...
...Warren Buffett the investor is widely known: his $5 billion bet on the battered Goldman Sachs on Sept. 23 surely came as no surprise to fans of his coolheaded strategy of buying good firms on the cheap. Buffett the person, on the other hand, is quite a surprise--an emotionally needy husband and absentee father who avoids anyone he fears might criticize him. Even people who don't care a whit about business will be intrigued by this portrait of a boy who endured a verbally abusive mother and grew into a man desperately dependent on a series of women...
...back as the penny-saving Ben Franklin and the conquistadores chasing their dreams of golden cities, this has been a country of mixed minds about how to get rich. We extol the conservative Warren Buffett model: selling 4 cent Cokes for a nickel and conscientiously saving the proceeds, investing in quality goods and well-run enterprises and shunning a penthouse on Central Park when a five-bedroom home in Omaha, Neb., will do. At the same time, we're always on the lookout for the next gold rush, the next Powerball, the next bubble. The fact that Wall Street banks...
...shakeout on Wall Street, but two of the world's richest businessmen are vowing to spend tens of millions of dollars more - not on bolstering their own companies, but in helping the world's poorest. With Congress locked in talks over a mammoth bailout package, Bill Gates and Howard Buffett (Warren's oldest son) announced at the United Nations on Wednesday that their private foundations will plow more than $75 million into helping small farmers in Africa and Latin America to sell their crops as food aid - a move which could potentially overhaul the decades-old - and often criticized - global...
...While the U.S. government has long dominated American aid, organizations like the Gates Foundation, which has nearly $36 billion in endowments, have become serious players in international programs. It will provide $66 million to the project, while the Howard G. Buffett Foundation will give $9 million; another $750,000 will come from the Belgian government for aid programs only in the Democratic Republic of Congo. "It sets a very important example," says von Braun. It could also change the WFP itself from a purely humanitarian organization into one which helps poor farmers - and so ultimately weans millions off food...