Warren Buffett

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Now Rich Germans Want to Pay More Taxes

Wealthy folks worldwide take Buffett's lead

(Newser) - Warren Buffett’s plea for raised taxes seems to have caused a chain reaction: A French group followed suit , and the head of Ferrari said he should pay more. A group of wealthy Germans is the latest to seek higher rates, the Guardian reports. The 50-member alliance has asked...

Buffett to Invest $5B in Bank of America

Shares jumped 24% to $8.68 at the opening bell on the news

(Newser) - Warren Buffett made news again today , as Bank of America announced that Berkshire Hathaway would be buying $5 billion worth of its preferred stock. “Bank of America is a strong, well-led company, and I called Brian to tell him I wanted to invest in it,” Buffett said. “...

Former AmEx CEO Harvey Golub to Warren Buffett: I Pay Enough Taxes, Thanks
Former AmEx CEO to
Buffett: I Pay Enough Taxes
OPINION
Aug 22, 2011 12:58 PM CDT

Former AmEx CEO to Buffett: I Pay Enough Taxes

Harvey Golub rebuts Warren Buffett's argument

(Newser) - Former AmEx CEO Harvey Golub is wealthy, just like Warren Buffett, but unlike Buffett, he has no desire to fork over a larger portion of his income to the federal government. How dare Buffett assume he’s “coddled” with low taxes, writes Golub in the Wall Street Journal , when...

Koch to Buffett: My Donations Trump Taxes for the Rich

Skeptical writer to Koch: I think not

(Newser) - How dare Warren Buffett call for higher taxes for the rich , when America's super-wealthy already contribute to the country's "societal well-being" through "business and non-profit investments"? Billionaire business mogul Charles Koch penned this argument in a 50-word retort to Buffett's New York Times op-ed...

Dear Warren, If You Feel Undertaxed, Write a Check

Wall Street Journal: Buffett's plea for higher taxes doesn't tell full story

(Newser) - Warren Buffett is again calling for higher taxes on himself and other rich people, and the Wall Street Journal would like him to put a sock in it, please. In an editorial today, the newspaper suggests Buffett isn't telling the full story. For instance, he complains that he pays...

If We Took Buffett's Advice, How Much Would It Help?

Quite a bit—but it likely won't happen

(Newser) - Warren Buffett made waves yesterday when he told the federal government to stop "coddling" him and other wealthy Americans and raise taxes on the rich. His plan would roll back the Bush tax cuts on people who earn more than $1 million and on capital gains and dividends income,...

Warren Buffett: Raise My Taxes, Please

Let's have some real 'shared sacrifice'

(Newser) - Washington keeps talking about “shared sacrifice”—but it's not asking the mega-rich to join in, writes Warren Buffett in the New York Times . “While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue...

Buffett on Stocks: I'm Buying

The lower prices go, the more aggressive he gets

(Newser) - Amid economic uncertainty, how’s Warren Bufftet holding up? “Never been better,” he tells CNNMoney . “The lower things go, the more I buy. We are in the business of buying.” Meanwhile, he says he still sees US treasuries as triple-A, “in that there is no...

Buffett: Debt Ceiling Game Is 'Russian Roulette'

He says not increasing limit is a dangerous idea

(Newser) - Warren Buffett warned today that Congress is playing a dangerous game with the US debt ceiling. He compared the debate over raising the debt limit to a game of "Russian roulette" with one bullet in a revolver. Refusing five times out of six to raise the debt limit might...

Americans Gave More to Charity Last Year

But the $290B we ponied up in 2010 is still below 2007 levels

(Newser) - Charitable giving increased last year as the economy improved, rising 3.8% to $290.89 billion, up from $280.3 billion in 2009. "There was a lot more optimism, all relative, in 2010," says an analyst. "People are still generous despite uncertainty, despite not having jobs, and...

Warren Buffett Heading to The Office

Billionaire joins a number of other season finale guest stars

(Newser) - Another high-profile guest star for The Office season finale: Warren Buffett. The billionaire will play someone interviewing for the job formerly held by Steve Carell's character, Michael Scott, according to the Hollywood Reporter . Click for a sampling of the other VIPs who will make an appearance on the episode...

Buffett: Sokol's Stock Purchases 'Inexcusable'

But he takes some responsibility for Berkshire Hathaway controversy

(Newser) - In his first public comments since announcing David Sokol’s resignation one month ago, Warren Buffett called the actions of his one-time heir apparent “inexplicable and inexcusable.” At yesterday’s shareholders meeting, Buffett also took some responsibility for the controversy surrounding Berkshire Hathaway’s acquisition of Lubrizol Corp....

Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Berkshire board issues scathing report on Sokol dealings

(Newser) - Warren Buffett's former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire's board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol's deception and says...

In Buffett Heir Apparent's Past: More Shadiness

Critics come out of the woodwork for ousted Berkshire exec

(Newser) - David Sokol’s sudden resignation —and the scandal that accompanied it—shocked the business world last week, but this isn’t the first time Warren Buffett’s ex-heir apparent's ethics have been questioned. Just last year, a judge rebuked Sokol for accounting irregularities at MidAmerican Energy, the company he...

Ex-Buffett Lieutenant: I Did Nothing Wrong

But in hindsight, David Sokol says, he shouldn't have mentioned company

(Newser) - David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer...

Buffett's Heir Apparent Resigns Under Cloud

David Sokol steps down amid questions over stock buy

(Newser) - A Berkshire Hathaway executive once seen as the likeliest successor to billionaire investor Warren Buffett has abruptly resigned. David Sokol—who ran Berkshire subsidiaries including MidAmerican Energy and NetJets—says he is quitting to devote more time to philanthropy. His resignation, however, comes amid controversy over Sokol's acquisition of thousands...

Buffett: Beware 'Overpriced' Social Networking Sites

Oracle of Omaha will stick to his usual investments, thank you

(Newser) - Warren Buffett says he's just itching to make another big deal for his beloved Berkshire Hathaway, but you won't catch him frothing over the slew of initial public offerings expected in the tech world, reports Bloomberg . “Most of them will be overpriced,” said Buffett. "It’s extremely...

Buffett: Japan Presents 'Buying Opportunity'

Country's 'economic future' unchanged, says investing guru

(Newser) - There’s no need to panic about Japanese markets post-earthquake, says Warren Buffett: Such cataclysmic events often create a “buying opportunity,” he tells Reuters from South Korea. “It will take some time to rebuild,” but the market plunge “will not change the economic future of...

Carlos Slim Tops Billionaires List

Mexican tycoon world's richest man with $74 billion

(Newser) - Mexican telecoms tycoon Carlos Slim is the richest person in the world for the second year running, according to Forbes' latest list of billionaires . The 71-year-old Slim, now worth an estimated $74 billion, widened the gap with No. 2 Bill Gates thanks to some canny business moves last year, including...

Warren Buffett: 'My Trigger Finger Is Itchy'

Berkshire boss looking for another big acquisition

(Newser) - Warren Buffett says he's looking to pull off another major deal on the scale of last year's big railroad purchase . "We're prepared," he writes in his closely watched annual letter to Berkshire Hathaway shareholders. "Our elephant gun has been reloaded, and my trigger finger is itchy."...

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