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Website: http://www.berkshirehathaway.com Berkshire Hathaway is led by Warren Buffett, the nation's second-wealthiest man, and is a holding company that operates subsidiaries primarily in the insurance business including Geico. Berkshire Hathaway has been one of the best-performing stocks in history. Berkshire has the most expensive stock for sale on the New York Stock Exchange. The company has never split its stock once and a single share in the Class A stock was valued at more than $140,000 each. Besides insurance, Berkshire has stakes in various companies from the Buffalo News newspaper to Fruit of the Loom and candy and diamond companies. In 2006, the company acquired Business Wire, a leading distributor of business news and regulatory filings. Berkshire also acquired Applied Underwriters, a provider of workers' compensation insurance and solutions. The company reported earnings in 2007 of $13.2 billion, up from $11.0 billion a year before. Insurance underwriting and insurance investments made up $5.6 billion in earnings. Warren Buffett announced he plans to give away most of his fortune in Berkshire Hathaway stock to the Bill and Melinda Gates Foundation. The donation could eventually be worth more than $30 billion. Click here to see a link of Berkshire subsidiaries. Updated March 1, 2008 |