Warren Buffett called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.
Jeff Bezos remains the world's richest person, ahead of Bill Gates and Warren Buffett, according to the latest Forbes list of the ultra wealthy, while far behind President Donald Trump jumped 51 spots in the ranking.
US billionaire Warren Buffet says his conglomerate has received a profit boost of US$ 29 billion as a result of President Donald Trump's tax reforms, he says. Berkshire Hathaway reported a record quarterly and annual profit on Saturday.
Amazon.com Chief Executive Officer Jeff Bezos agreed to buy The Washington Post for 250 million dollars, vaulting the e-commerce magnate into the struggling newspaper industry. Bezos is making the deal as an individual and not as part of Amazon, the world’s biggest online retailer, according to a statement on Monday.
Billionaire Warren Buffett's company is making another foray into US newspapers, agreeing to buy 63 newspapers from Media General Inc for 142 million dollars.
The US administration of President Barack Obama formally unveiled on Wednesday the “Buffett rule”, legislation to ensure that all millionaires would pay a minimum federal tax of 30%.
US billionaire Warren Buffett's company Berkshire Hathaway has announced it is investing 5 billion dollars in Bank of America. News of the famous investor's move sent Bank of America's shares up by 25%, before moving back to 10% ahead.
Warren Buffett has called for Congress to make him and his mega-rich friends pay more income tax. In a piece in The New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.
Billionaire Warren Buffet who urged United States in 2009 to guard against inflation, said investors should avoid long-term fixed-income bets in US dollars because the currency’s purchasing power will decline.