Berkshire Hathaway is a conglomerate known for most its partly owned business like Coca-Cola, Gillette and American Express.
The Hathaway Manufacturing Company was founded in 1888 in New Bedford, Massachusetts, as a cotton milling operations.
Berkshire Fine Spinning Associates and Hathaway Manufacturing were merged in 1955 to form Berkshire Hathaway Inc.
The merged company was huge for its time, with 15 plants, 12,000 employees and revenue of over $120 million.
By the end of the 50s, this public company had closed seven of its plant and laid off a large number of workers.
In 1962 Buffet partnerships began purchasing shares of Berkshire Hathaway. Berkshire was selling at around $8 per share, well below its net worth.
By 1965, Warren Buffet increasing their share to 49 per cent and took control of Berkshire and named Ken Chase as its new president.
He transformed Berkshire Hathaway from a textile manufacturing company into an investment holding company.
In 1967 Berkshire Hathaway, once and once only, paid dividend – of 10 cents on its outstanding stock. It never happened again.
Berkshire Hathaway
The Power of Social Intelligence in Modern Life
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Social intelligence, the ability to navigate and manage complex social
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professional succ...
