Leadership & Strategy
Is Jain Next? Buffett Vagueness Over Successor Worries Investors
Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc. will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. ...
State Farm Reports Underwriting Profit for 2013
Even though State Farm's auto businesses suffered a loss in 2013, the property/casualty companies reported a $230 million underwriting gain, State Farm reported on Friday. The $230 million gain of ...
Markel Leads City of Hope Fund Raising Effort
Tony Markel was recently honored for his work on a national campaign to raise $1 billion for cancer research. Markel, known as the name and the man behind building Markel Corp. into one of the ...
Buffett Sets Fresh Goal as Berkshire Misses Five-Year Target
Warren Buffett said his performance at Berkshire Hathaway Inc. should be measured over the course of stock market cycles after missing a five-year target for the first time. Berkshire's net worth ...
Berkshire Posts 11th Straight Year of Underwriting Profit; Buffett Expects Billions from Specialty Ops
Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the ...
Buffett Seeks More Elephants
Warren Buffett's Berkshire Hathaway Inc. on Saturday signaled he plans to make more large acquisitions to expand a conglomerate that posted a record profit in 2013, helped by a recovering U.S. ...
Businesses with Investment Bankers on Their Boards Make Better M&A Deals: Research
Corporations with board directors who have investment banking experience are more likely to acquire other businesses—and make better acquisitions when they do—according to a new study from the ...
XL Group Announces Acquisition of Global Ag Insurance Services
XL Group announced Wednesday that XL Reinsurance America Inc., a subsidiary of XL Group plc, has acquired Global Ag Insurance Services, a crop insurance provider based in the western United States. ...