Word: buffetts
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...public, even though the two founders, former Stanford computer-science graduate students who together will own about 32% of the company's shares, could emerge worth some $4 billion each. In a folksy manifesto that's part of the filing, the founders liken themselves, a tad arrogantly, to Warren Buffett, saying they will take risks as though Google were a private company and will offer no guidance on predicted earnings...
There are worse role models than Buffett. But many find it disconcerting that the two classes of stock will allow the pair to sell most of the company if they choose to, yet retain voting control. The stock that Page and Brin keep will have 10 votes for every one that common shareholders get. Dual-class stock is rare, though it exists at companies like Dow Jones, Viacom and Buffett's Berkshire Hathaway. Although some of these stocks perform well, activists dislike the structure...
There are no two people I admire more for their contribution to mankind's welfare. --By Warren E. Buffett, CEO of Berkshire Hathaway
...Warren Buffett, the man who built Berkshire Hathaway into the most successful investment vehicle in history. That would be enough if he weren't also the repository of all that is honest and wise in finance, someone who should be exhibit A in all the white collar prosecutions under way. "Ladies and gentlemen of the jury, despite the protestations of the defendant that he didn't know that what he did was wrong, we present you with Warren Buffett, who made fortunes without cutting a single corner, without being greedy and without a whiff of scandal...
...Lately Buffett has become more than just a financial wizard. He waxes about the absurdity of cutting taxes for those who least need the money, and he can't figure out the wisdom in abolishing the inheritance tax, even though he probably has more skin in the game than anyone save Bill Gates. The Bushies, tired of his scolding, have tried to portray him as a crotchety Nebraska coot who has lost a step. The reality is that Buffett is simply a capitalist who genuinely believes our species is capable of reciprocal altruism. His number should be retired, his jersey...