#thebillionaire

[doomsday-architect]

Observation.......

Social media titans being "grilled" by senators regarding the safety of children using social media.

Who has the upper hand?

The senators (blowhards) lovng being covered by ALL the media? Including the very same social media they're "grilling"?

Issuing the very same threats they issue to EVERYONE that come before them which amount to hot air and, at best irritate thebillionaires/trillionaires in front of them?

Fast forward to after the hearing........

They all get together in the senate dining room for lunch and get autographs for their kids/wives, then it's on to business as usual.

Another normal day in clown city.

Now, that's real value for your tax dollars.

Oh, by the way, limos back to the airport to their private jets.

So much for climate change.

Only for those that can't afford it.....the little people.

[kennyfabre]

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[lord-anmol-seth]

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[billionairebeat]

Warren Buffett (left) and a See's Candies employee.Facebook/See's Candies

Warren Buffett's Berkshire Hathaway grew its workforce by 3% to 372,000 people in 2021.The investor's company slashed headcount by 8% to 360,000 people in 2020, as the pandemic raged.Precision Castparts, Burlington Northern, and other Berkshire businesses made steep cuts in 2020.

Warren Buffett's Berkshire Hathaway has grown its workforce by 3% over the past year, suggesting it's rebounding from the pandemic, and indicating the US economy is on the mend.

The famed investor's company employs about 372,000 people, according to a recent Securities and Exchange Commission (SEC) filing. It grew its workforce from around 368,000 to nearly 392,000 between 2017 and 2019, then cut headcount by 8% to 360,000 over the next 12 months, as the COVID-19 pandemic disrupted the US economy and sparked a nationwide lockdown.

Buffett's conglomerate ranks among the 10 largest employers in the nation, and operates in a swath of industries including insurance, energy, manufacturing, services, retail, and transportation. Its massive scale and broad range of businesses make it a useful bellwether for the wider US economy.

Many of Berkshire's subsidiaries were hit hard by the pandemic, spurring them to make steep cuts to their workforces in 2020. Precision Castparts, which makes aerospace parts, reduced its headcount by 40%, or around 13,500 people. Burlington Northern Santa Fe, a railroad operator, shrunk its labor force by 14%, or about 5,500 people.

More broadly, Buffett's conglomerate slashed headcount by 13% in its services and retailing division, 9% in its manufacturing business, and 7% in its railroad, utility, and energy segment. Its insurance operation bucked the trend, increasing its workforce as Geico added nearly 700 people to its ranks.

Berkshire is expected to update its employment figures in its next annual report, slated for publication on February 26. Investors will be looking to see whether it has closed any subsidiaries, as Charlie Munger, Buffett's business partner, predicted a handful of bad businesses wouldn't reopen after they were shut down by the pandemic.

Here's a chart showing how the size of Berkshire's workforce has changed in recent years:

Berkshire Hathaway

By: tmohamed@businessinsider.com (Theron Mohamed) Title: Warren Buffett's Berkshire Hathaway grew its workforce by 3% last year — but still employs fewer people than in 2017 Sourced From: markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-headcount-workforce-pandemic-closures-lockdowns-2022-2 Published Date: Tue, 01 Feb 2022 13:04:13 +0000

https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-headcount-workforce-pandemic-closures-lockdowns-2022-2

#thebillionaire #company #businesses

[billybennight]

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[hyipstation]

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[kennyfabre]

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[billionairebeat]

Warren BuffettYouTube / University of Nebraska–Lincoln

Warren Buffett's favorite Christmas presents over the years have included dresses, chocolates, and stacks of cash."He would always give each of us $10,000 in hundred-dollar bills," Mary Buffett, the famed investor's former daughter-in-law, told ThinkAdvisor. "As soon as we got home, we'd spend it — whooo!"Berkshire Hathaway's billionaire boss has also bought dresses in bulk from a local store, and he sends boxes of See's Candies with funny Christmas cards to friends and relatives every year.View Business Insider's homepage for more stories.

Warren Buffett's favorite Christmas presents include dresses, chocolates, and envelopes of cash.

The famed investor and billionaire CEO of Berkshire Hathaway certainly makes an effort when the holidays come around. Here are the details of his signature gifts.

Cash and stock

"He would always give each of us $10,000 in hundred-dollar bills," Mary Buffett, who was married to Warren's son Peter from 1980 to 1993, told ThinkAdvisor in 2019. "As soon as we got home, we'd spend it — whooo!"

Warren switched things up after realizing his family were blowing through the lump sum — worth more than $30,000 in today's dollars.

"One Christmas there was an envelope with a letter from him," Mary told ThinkAdvisor. "Instead of cash, he'd given us $10,000 worth of shares in a company he'd recently bought, a trust Coca-Cola had. He said to either cash them in or keep them."

Mary decided the stock was worth more than $10,000, so she held onto the shares. After they rose in value, she repeated the strategy with Warren's future gifts.

"Every year when he'd give us stock — Wells Fargo being one of them — I would just buy more of it because I knew it was going to go up," she said.

'Wheel out the dresses'

Buffett is famously prudent in allocating resources across Berkshire's companies. He also prizes efficiency in his Christmas shopping.

The billionaire's strategy in the 1960s was to visit Topps, a dress shop in his hometown of Omaha, Nebraska, and hand an employee a list of the dress sizes of all the women in his life, Alice Schroeder wrote in "The Snowball: Warren Buffett and the Business of Life."

"I would go over and they'd wheel out the dresses," Buffett said. "I'd make a variety of decisions and buy presents for my sisters, Susie, Gladys, and so forth. I kind of enjoyed it."

Christmas cards and chocolates

Buffett sends boxes of See's Candies — one of Berkshire's best investments ever — to dozens of relatives and friends each year, his longtime friend Carol Loomis wrote in Fortune. Each box comes with his annual Christmas card attached.

In 2013, the card showed Buffett dressed as Walter White from "Breaking Bad" with the message "Have yourself a Meth-y Little Christmas."

In 2016, it featured Buffett and his Berkshire partner, Charlie Munger, dressed in black tie for their induction into the Texas Business Hall of Fame with the caption "Butch & Sundance." 

In 2018, the card showed Buffett wearing a T-shirt reading "The Next Charlie Munger" with the caption "Aiming High in 2019."

Buffett's Christmas card for 2020 shows him with his arm around a metal bust of Munger, who was unable to join him at Berkshire's annual meeting due to the pandemic. His sweater reads,"You can never have too much love or too much gravy."  The caption below reads, ".... or too much Charlie."

By: tmohamed@businessinsider.com (Theron Mohamed) Title: Warren Buffett's favorite Christmas gifts for family include See's Candies, dresses, and $10,000 in cash Sourced From: markets.businessinsider.com/news/stocks/warren-buffett-christmas-gifts-sees-candies-dresses-10000-cash-2019-12-1028780601 Published Date: Thu, 23 Dec 2021 12:12:34 +0000

https://markets.businessinsider.com/news/stocks/warren-buffett-christmas-gifts-sees-candies-dresses-10000-cash-2019-12-1028780601

#thebillionaire #christmascards #cash

[kennyfabre]

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[greentea-honey]

Reality isn't as fun as playing online games

Top Ittipat, The Billionaire

[kennyfabre]

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