Environmental groups have an impact on KKR buyout of TXU Corp - aka Texas Utilities (TXU). They managed to force the company to reduce the total number of coal plants being planned in Texas from eleven to three. Article at Business Week Online. Rain Forest Action Network on "What Happens Next" The Daily Grist calls it "Texas Fold 'em"
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| Hiring the Next Generation at Berkshire Hathaway |
| Written by David Neubert | |||
| Saturday, 05 May 2007 11:31 | |||
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Warren and Charlie discuss Berkshire Hathaway selection process for the next manager.
In talking about how to find managers to run the portfolio, Buffett talks about having a small number of people manage around $5 billion each in portfolios that mimic what would fit into a $100 billion portfolio. The company monitors how these smaller portfolios go, and then after a few years, reevaluates the process. That would be the path for a future managers of Berkshire Hathaway. Should I apply?
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| Last Updated on Saturday, 05 May 2007 15:03 |