61-555: The Scott Fetzer Company , a subsidiary of Berkshire Hathaway , is an American diversified manufacturer and marketer of products for the home, family, and industry comprising 33 brands, headquartered in Westlake, Ohio . The company was founded by George H. Scott and Carl S. Fetzer in 1914 as a machine shop under the name George H. Scott Machine Co.; the name changed to Scott & Fetzer Machine Co. in 1917 and again in 1919 to Scott & Fetzer Co. In early 1986, Berkshire Hathaway acquired
122-487: A compound annual growth rate (CAGR) of 19.8% compared to a 10.2% CAGR for the S&;P 500 . However, in the 10 years ending in 2023, Berkshire Hathaway produced a CAGR of 11.8% for shareholders, compared to a 12.0% CAGR for the S&P 500 . From 1965 to 2023, the stock price had negative performance in only eleven years (1966, 1970, 1973, 1974, 1984, 1990, 1999, 2002, 2008, 2011, 2015). In August 2024, Berkshire Hathaway became
183-1146: A chain of jewelry stores based in Kansas City that began in 1915, was acquired Berkshire in 1995 after a chance run in between Buffett and Barnett Helzberg on a street in New York City. In June 2000, the company acquired Justin Brands, the parent company of Justin Boots , Acme Boots , and Acme Brick for $ 600 million in cash. Headquartered in Fort Worth, Texas , Acme manufactures and distributes clay bricks (Acme Brick), concrete block (Featherlite), and cut limestone (Texas Quarries). Justin Brands also owns Chippewa Boots , Nocona Boots , and Tony Lama Boots . In December 2000, Berkshire acquired Benjamin Moore & Co. , headquartered in Montvale, New Jersey . Moore formulates, manufactures, and sells architectural coatings that are available primarily in
244-527: A core group to produce plastic injection molded components for other Scott Fetzer divisions, mainly The Kirby Company and Wayne Home Equipment. In 1971, it acquired ScotLabs, a carpeting and floor care company, founded in 1962 in Chagrin Falls, Ohio . It also acquired Campbell Hausfeld that same year. On November 30, 1976, Niles Hammink retired as chief executive officer, completing 30 years of service to Scott & Fetzer. In September 1946, when Niles joined
305-563: A diversified group of 32 brands that manufactures and distributes products for residential, industrial, and institutional use. It included Kirby Company , which was sold in 2021, Wayne Water Systems, and Campbell Hausfeld products. Campbell Hausfeld was transferred to Marmon, also a Berkshire subsidiary, in 2015. Scott Fetzer also manufactures Ginsu knives and World Book Encyclopedia . In January 1986, Berkshire acquired Fechheimer Brothers. Fechheimer Brothers owns Flying Cross and Vertx. Flying Cross manufactures public safety uniforms and Vertx
366-511: A five-year agreement to allow Lee Enterprises to manage Berkshire Hathaway's newspaper and digital operations. In 2020, Lee Enterprises acquired BH Media Group's publications and The Buffalo News for $ 140 million in cash, retaining WPLG . In conjunction with the sale, Berkshire lent $ 576 million to Lee. In 1983, Berkshire acquired Nebraska Furniture Mart for $ 60 million. In 2000, Nebraska Furniture Mart purchased Homemakers Furniture. In 1986, Berkshire acquired Scott Fetzer Company ,
427-535: A general decline in the textile industry after World War I . At this time, Hathaway was run by Seabury Stanton , whose investment efforts were rewarded with renewed profitability after the Great Depression . After the merger, Berkshire Hathaway had 15 plants employing over 12,000 workers with over $ 120 million in revenue, and was headquartered in New Bedford . However, seven of those locations were closed by
488-519: A major interest in a declining textile business. While Buffett maintained Berkshire's core business of textiles, he gradually moved capital to other industries, beginning with the March 1967 acquisition of the National Indemnity group of companies, which include National Indemnity Company, National Liability & Fire Insurance Company, and National Fire & Marine Insurance company, among others. It
549-649: A morning edition. Berkshire formed BH Media Group with a purchase of the Omaha World-Herald in December 2011, which included six other daily newspapers and several weeklies across Nebraska and southwest Iowa. In June 2012, Berkshire purchased 63 newspapers from Media General , including the Richmond Times-Dispatch and Winston-Salem Journal , for $ 142 million in cash. In 2012, Berkshire Hathaway bought Texas dailies The Bryan-College Station Eagle and
610-501: A net income of $ 40.6 million from 12 subsidiaries, operating 42 plants that employed more than 16,000 people in the U.S. and Canada. In 1986, it was acquired by Berkshire Hathaway, a multinational conglomerate holding company headquartered in Omaha , Nebraska . In the same year it acquired American Angler, manufacturer of fishing fillet knives and accessories. In 1989, Western Enterprises became Western Plastics to focus on manufacturing for
671-528: A per-share value originally kept (by specific management rules) close to 1 ⁄ 30 of that of the original shares (now Class A) and 1 ⁄ 200 of the per-share voting rights, and after the January 2010 split, at 1 ⁄ 1,500 the price and 1 ⁄ 10,000 the voting rights of the Class-A shares. Holders of class A stock are allowed to convert their stock to Class B, though not vice versa. Buffett
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#1732844516210732-413: A population of 7,720. Racial makeup as of the 2010 census was 93.5% White , 2.8% Latino and 1.1% African American . Median household income in 2010 was $ 46,088. A special census was conducted in 2015 and reported the city limit population had increased to nearly 10,000. As of the census of 2000, there were 5,800 people, 2,105 households, and 1,606 families residing in the city. The population density
793-619: A slight by an individual), it would have paid off several hundredfold. On March 16, 1980, Berkshire became a public company via an initial public offering , selling Class A shares for $ 290 each. Buffett has had a long relationship with Jeff Bezos ; he turned down an opportunity to invest in Amazon.com in 1994 as he was unable to predict the company's future growth and it was losing money. Berkshire Hathaway purchased shares in Amazon in 2019 currently worth $ 2 billion. Shares closed over $ 100,000 for
854-570: A small machine shop as the George H. Scott Machine Co. in 1914 at 118 Noble Ct. It incorporated as the Scott & Fetzer Machine Co. on November 30, 1917, and moved to a bigger facility near Edgewater at Franklin Avenue and 114th St. In 1918, it shortened its name to Scott & Fetzer Co. In 1922, it began manufacturing and selling Kirby vacuum cleaners, invented by James Kirby . As the company grew steadily into
915-649: Is a city located in Williamson County, Tennessee . It is part of the Nashville metropolitan area . The population was 9,357 at the 2020 census, . In the communities just outside Fairview, there are an additional 4,100 people, for a total of over 13,457 people living within the Fairview area. Fairview was incorporated on July 28, 1959, under the Uniform City Manager-Commission Charter as set out in
976-547: Is a civilian tactical clothing company. In 1991, Berkshire acquired H.H. Brown Shoe Group . In May 1995, Berkshire acquired RC Willey Home Furnishings . In June 1997, Berkshire acquired Star Furniture Company. In February 1997, Berkshire acquired FlightSafety International (FSI), a pilot training company founded in 1951 by Albert Lee Ueltschi and headquartered at LaGuardia Airport in Flushing, New York . It supplies high technology pilot training to aircraft operators in
1037-404: Is a major area of operations and the retained premiums (float) serves as an important source of capital. As of September 30, 2024, the company had $ 325 billion in cash and cash equivalents, more than any other U.S.-based public company . The company is focused on shareholder returns; between 1965, when Buffett gained control of the company, and 2023, the company's shareholder returns amounted to
1098-573: Is a major source of capital for Berkshire Hathaway's other investments. In 1985, the last textile operations were shut down. Buffett has described purchasing the Berkshire Hathaway textile company as the biggest investment mistake he had ever made, denying him compounded investment returns of about $ 200 billion over the subsequent 45 years. He has estimated that had he invested the same money directly in insurance businesses instead of indirectly via Berkshire Hathaway (due to what he perceived as
1159-467: Is also a full size basketball court that is open for free play. Fairview Ball Park has been open since 1982. In the spring and early summer, the youth of Fairview play softball and baseball in the local recreation leagues. In the fall, the park is home to an adult softball league. There are four fields located at the park, Field 1 for senior league baseball, Field 2 for tee ball, and softball, Field 3 for age groups up to 12 playing baseball, and Field 4 which
1220-457: Is home to Bowie Nature Park which, at approximately 722 acres (2.92 km ), is one of the largest city-managed parks in the state of Tennessee. As a comparison, New York's Central Park is 843 acres (3.41 km ). Fairview has two Elementary Schools, Fairview, and Westwood serving over 1,000 students with grades K-5. Fairview Middle has an enrollment of 800 plus and is home to grades 6th-8th. FVHS serves over 1000 students, and Fairview High School
1281-683: Is primarily a softball field. The camp scenes in Ernest Goes to Camp were filmed at Camp Marymount, which is a 340-acre retreat/summer camp owned by the Catholic Church, established in the summer of 1946. The city is twenty-five miles from downtown Nashville , and is located along State Highway 100 in the NW section of Williamson County. Fairview is located at 35°58′55″N 87°7′45″W / 35.98194°N 87.12917°W / 35.98194; -87.12917 (35.982071, -87.129133). According to
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#17328445162101342-617: Is ranked 5th on the Fortune 500 rankings of the largest United States corporations by total revenue and 9th on the Fortune Global 500 . Berkshire is one of the ten largest components of the S&P 500 and is on the list of largest employers in the United States . Its class A shares have the highest per-share price of any public company in the world, reaching $ 700,000 in August 2024, because
1403-565: The Waco Tribune-Herald . In 2013, the company purchased the Tulsa World , the Greensboro, North Carolina -based News & Record , Virginia's Roanoke Times , and Press of Atlantic City . In 2014, Graham Holdings Company sold its Miami television station, ABC affiliate WPLG to BH Media in a cash and stock deal. In June, 2018, Lee Enterprises and Berkshire Hathaway reached
1464-946: The CHI Health Center Omaha in Omaha, Nebraska. Attendance generally totals over 40,000 people and the meetings last for 6 to 8 hours, with Buffett himself, as well as Abel and Jain, answering questions from shareholders. Known for their humor and light-heartedness, the meetings typically start with a cartoon made for Berkshire shareholders. Current members of the board of directors of Berkshire Hathaway are Warren Buffett (chairman), Greg Abel (vice chairman of non-insurance business operations), Ajit Jain (vice chairman of insurance operations), Chris Davis, Susan Alice Buffett (Buffett's daughter), Howard Graham Buffett (Buffett's son), Ronald Olson , Kenneth Chenault , Steve Burke , Susan Decker , Meryl Witmer, Charlotte Guyman, Esteban Rodriguez Jr. Charlie Munger served as vice chairman of
1525-871: The Ginsu knives, was rebranded as Ginsu to "refresh the brand." In 2018, Scott Fetzer sold Scot Labs to State Industrial Products of Mayfield Heights, Ohio . Many of Scott Fetzer's companies manufacture products for other companies within the brand portfolio. Operating under the Scott Fetzer Floorcare Group (SFFG), a number of the company's brands manufacturer components for its Kirby vacuums. These brands include CWP Technologies (previously Cleveland Wood Products), Western Plastics, Western Enterprises, and ReadiVac. Scott Fetzer Electric Group consists of France Power Solutions, Northland Motor Technology, and Kingston Products. To better focus on providing consumer goods for end user's home needs, Scott Fetzer Consumer Brands (SFCB)
1586-642: The Public Utility Holding Company Act of 1935 was repealed in 2005. It owns Northern Powergrid , which operates in the UK. In 2005, it acquired PacifiCorp for $ 5.1 billion in cash, and assumed $ 4.3 billion in PacificCorp debt and preferred stock. MidAmerican was rebranded as Berkshire Hathaway Energy (BHE) in April 2014. The division owns a residential real estate brokerage business, which, in March 2013,
1647-480: The United States Census Bureau , the city has a total area of 14.1 square miles (37 km ), of which 14.1 square miles (37 km ) is land and 0.04 square miles (0.10 km ) (0.21%) is water. As of the 2020 United States census , there were 9,357 people, 2,962 households, and 2,234 families residing in the city. The 2010 census showed a population increase of 33.1% over the 2000 census with
1708-532: The board of directors has historically been opposed to stock splits . Berkshire Hathaway traces its roots to Valley Falls Company , a textile manufacturing company established by Oliver Chace in 1839 in Valley Falls, Rhode Island . Chace, who was a carpenter, started working for Samuel Slater , the founder of the first successful textile mill in America. Chace founded his first textile mill in 1806. In 1929,
1769-557: The hedge fund Castle Point Capital, would join as an investment manager . In early 2012, 50-year-old Ted Weschler , founder of Peninsula Capital Advisors, joined Berkshire as a second investment manager. In the 2015 letter to shareholders, Buffett described hiring them both as "one of my best moves". In the 2016 letter to shareholders, Buffett revealed that each of them independently manages over $ 10 billion on behalf of Berkshire. In January 2018, Berkshire Hathaway appointed Ajit Jain and Greg Abel to vice-chairman roles. Abel
1830-584: The 1950s, its Kirby brand remained its mainstay product, with over 4,000 door-to-door sales people marketing the product in 1956. By the 1960s, the company diversified by acquiring companies including PLM Products, the Adalet Co., the Halex Die Casting Co., and the Cleveland Wood Products Co. In 1964, Quikut, a manufacturer of cutlery and plastics of Fremont, Ohio was purchased, and began
1891-581: The Kirby brand. From 1986 to 2002, which is the last year Berkshire reported its Scott Fetzer division's income separately, the company had an average net income of $ 51.1 million. In 2006, its ReadiVac hand held, battery-powered vacuum brand was launched. In 2010, Scott Fetzer Company combined three businesses: France Power Solutions, Northland Motor Technology, and Kingston Products to form Scott Fetzer Electric Group, known as SFEG, precision manufacturer of electric motors, power supplies, and transformers, located on
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1952-1831: The Loom , Business Wire , NetJets , Oriental Trading Company , Pampered Chef , Ben Bridge Jeweler , CTB International , Central States Indemnity , Johns Manville , Scott Fetzer Company , McLane Company , See's Candies , WPLG , Berkshire Hathaway Energy , Berkshire Hathaway Assurance , and HomeServices of America . Notable stakes in public companies owned by Berkshire as of September 30, 2024, in order of value as of that date, include 2.0% of Apple Inc. ($ 69.8 billion), 21.5% of American Express ($ 46.2 billion), 9.99% of Bank of America ($ 36.4 billion), 9.3% of The Coca-Cola Company ($ 25.7 billion), 6.6% of Chevron Corporation ($ 19.0 billion), 27.2% of Occidental Petroleum ($ 12.8 billion), 13.6% of Moody's Ratings ($ 12.1 billion), 26.9% of Kraft Heinz ($ 10.4 billion), 6.7% of Chubb Limited ($ 7.7 billion), 44.0% of DaVita ($ 6.0 billion), 8.9% of Mitsubishi ($ 5.9 billion), 7.5% of Itochu ($ 5.7 billion), 8.4% of Mitsui ($ 5.2 billion), 2.9% of Citigroup ($ 3.9 billion), 6.9% of Kroger ($ 3.0 billion), 32.5% of Sirius XM ($ 3.0 billion), 8.6% of Visa Inc. ($ 2.6 billion), 1.2% of Verisign ($ 2.3 billion), 8.5% of Marubeni ($ 2.1 billion), 9.5% of Sumitomo Group ($ 2.1 billion), 0.4% of Mastercard ($ 2.1 billion), 0.1% of Amazon.com ($ 2.0 billion), 4.9% of BYD Auto ($ 1.8 billion), 2.4% of Capital One ($ 1.7 billion), 1.9% of Aon ($ 1.6 billion), 1.8% of Nubank ($ 1.2 billion), 9.5% of Ally Financial ($ 1.1 billion), 0.4% of T-Mobile US ($ 1.1 billion), 2.0% of Charter Communications ($ 1.1 billion), 8.6% of Louisiana-Pacific ($ 0.7 billion), 3.7% of Domino's ($ 0.6 billion), 1.3% of HEICO ($ 0.2 billion), 1.1% of Pool Corporation ($ 0.2 billion), and 0.4% of NVR, Inc. ($ 0.1 billion). Insurance
2013-560: The Tennessee Code Annotated. Fairview city limits are located about one mile (1.6 km) southwest from the Nashville-Davidson County line and has two interstates passing through it (I-40 & I-840). With an average elevation of 800 feet (240 m) above sea level, Fairview is about 150 feet (46 m) higher than Nashville and surrounding suburbs, which gives Fairview the advantage of being less flood prone. It
2074-581: The United States and Canada. Buffett agreed not to sell the products through major retail chains. In January 2001, Berkshire acquired 87% of Dalton, Georgia -based Shaw Industries . It acquired the remaining 12% in January 2002. Shaw is the world's largest carpet manufacturer based on both revenue and volume of production and designs and manufactures over 3,000 styles of tufted and woven carpet and laminate flooring for residential and commercial use under approximately 30 brand and trade names and under certain private labels. Fairview, Tennessee Fairview
2135-732: The Valley Falls Company merged with the Berkshire Cotton Manufacturing Company established in 1889, in Adams, Massachusetts . The combined company was known as Berkshire Fine Spinning Associates . In 1955, Berkshire Fine Spinning Associates merged with Hathaway Mills which had been founded in 1888 in New Bedford, Massachusetts , by Horatio Hathaway with profits from whaling and the China Trade . Hathaway had been successful in its first decades, but it suffered during
2196-610: The acquisition. The salary for Buffett is $ 100,000 per year with no stock options, which is among the lowest salaries for CEOs of large companies in the United States. Buffett's salary has not changed in 35 years. Buffett also receives approximately $ 300,000 worth home security services from the company annually. Abel and Jain each receive a salary of $ 20 million per year, with a possible $ 3 million annual bonus approved by Buffett. Buffett's letters to shareholders are published annually. Berkshire's annual shareholders' meetings, nicknamed " Woodstock for Capitalists", take place at
2257-420: The age of 18 living with them, 61.0% were married couples living together, 11.9% had a female householder with no husband present, and 23.7% were non-families. 18.8% of all households were made up of individuals, and 6.2% had someone living alone who was 65 years of age or older. The average household size was 2.76 and the average family size was 3.17. In the city, the population was spread out, with 30.3% under
2318-459: The age of 18, 8.6% from 18 to 24, 34.1% from 25 to 44, 19.7% from 45 to 64, and 7.3% who were 65 years of age or older. The median age was 32 years. For every 100 females, there were 93.3 males. For every 100 females age 18 and over, there were 89.5 males. The median income for a household in the city was $ 44,148, and the median income for a family was $ 49,817. Males had a median income of $ 36,461 versus $ 26,277 for females. The per capita income for
2379-450: The company as treasurer, it was a one-product line company with sales of $ 1.7 million. He became president in 1968 and chief executive officer in 1970. Under his leadership, the company achieved its greatest growth, becoming an multi-market company with 31 operating divisions, 50 plants located in 14 states and in Canada, 7,500 employees, and sales of $ 343 million. In 1964, Scott & Fetzer made
2440-451: The company for $ 11.50 per share. Buffett agreed to the deal. A few weeks later, Warren Buffett received the tender offer in writing, but the tender offer was for only $ 11.375. Buffett later admitted that this lower, undercutting offer made him angry. Instead of selling at the slightly lower price, Buffett decided to buy more of the stock to take control of the company and fire Stanton, which in 1965 he did. However, this left Buffett's fund with
2501-473: The company for about $ 400 million. Through its various brands, the company offers home cleaning systems, air compressors, paint sprayers, generators, pressure washers, educational products, electric motors, commercial truck and forestry equipment, cleaning products, patient monitoring equipment, and knives. The Scott Fetzer Company was founded in Cleveland, Ohio by George H. Scott and Carl S. Fetzer. It began in
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2562-707: The company from 1978 until his death on November 28, 2023. With some exceptions, Berkshire Hathaway usually does not invest in real property due to precise pricing, lack of competitive advantage, complex management, and corporation tax disadvantages. Insurance and reinsurance business activities are conducted through approximately 70 domestic and foreign-based insurance companies. Berkshire acquired See's Candies in 1972 for $ 25 million. It produces boxed chocolates and other confectionery products in two large kitchens in California. See's revenues are highly seasonal with approximately 50% of total annual revenues being earned in
2623-409: The decision to expand its single product into a multiple product company and Niles became the architect of the acquisition program, personally identifying and negotiating most of the transactions. His management philosophy emphasizing decentralized operations and division autonomy together with his humanistic approach in dealing with people contributed greatly to the smooth integration and assimilation of
2684-510: The eighth U.S. public company and the first non-technology company to be valued at over $ 1 trillion on the list of public corporations by market capitalization . The company has generally avoided investing in the technology industry ; Buffett has said he prefers evergreen businesses that generate predictable long-term returns, that he doesn't invest in companies that he doesn't understand, and that he does not like to invest in companies that may undergo significant change. Berkshire Hathaway
2745-460: The end of the decade, accompanied by large layoffs. In 1962, Warren Buffett began buying Berkshire Hathaway stock for his fund, anticipating that as the company liquidated textile mills there would come a tender offer when he could sell the shares at a profit. A year later, Buffet and his associates became the largest shareholder of the company, eventually securing a 49% stake. In 1964, Stanton made an oral tender offer to buy back Buffett's stake in
2806-541: The fields of military, governmental, corporate, and regional or mainline flying. FlightSafety is the largest provider of professional aviation training services, with 1,800 instructors and offers more than 4,000 individual courses for 135 aircraft types, using more than 320 flight simulators to serve customers from 167 countries. In October 1997, Berkshire acquired Dairy Queen , based in Edina, Minnesota, for $ 585 million. It franchises approximately 6,000 stores operating under
2867-417: The first time on October 23, 2006. David L. Sokol , CEO of Berkshire Hathaway Energy until early 2008, was a top lieutenant for Buffett. Sokol, who was paid $ 24 million per year, resigned from Berkshire in 2011 after it was disclosed that he personally made a $ 3 million profit from Berkshire Hathaway's purchase of Lubrizol . In October 2010, Berkshire announced that 39-year old Todd Combs , manager of
2928-470: The fractional ownership of aircraft concept and introduced its NetJets program in the United States with one aircraft type. In 2019, the NetJets program operated more than 10 aircraft types with a fleet size of greater than 750. In 1999, Berkshire acquired MidAmerican Energy Holdings. At the time of purchase, Berkshire's voting interest was limited to 10% of the company's shares, but this restriction ended when
2989-636: The management of chairman and CEO Warren Buffett and vice chairman Charlie Munger (1924–2023). Greg Abel now oversees most of the company's investments and has been named as the successor to Buffett. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in the company. Notable companies wholly-owned by Berkshire include GEICO , Gen Re , BNSF Railway , Precision Castparts Corp. , Lubrizol , Dairy Queen , Duracell , Benjamin Moore & Co. , Pilot Flying J , Clayton Homes , Fruit of
3050-509: The many different organizations that became part of Scott & Fetzer. In 1978, it bought World Book -Childcraft Intl. Co., from Field Enterprises, for $ 50 million boosting sales to $ 697 million a year later. In 1978, the plastic portion of Quikut was spun off into a new company, Western Enterprises. During its time as an independent enterprise, the company was recognized for its consistently high record of return on equity in financial analysis reports; in 1984, it had sales of $ 695 million and
3111-619: The months of November and December. By 2019, the $ 25 million investment had returned over $ 2 billion, or an 8000% return, to Berkshire. In 1977, Berkshire purchased the Buffalo Evening News and resumed publication of a Sunday edition of the paper that had ceased in 1914. After the morning newspaper Buffalo Courier-Express ceased operation in 1982, the Buffalo Evening News changed its name to The Buffalo News and began to print morning and evening editions. It now prints only
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#17328445162103172-431: The names Dairy Queen, Orange Julius , and Karmelkorn . The stores offer various dairy desserts, beverages, prepared foods, blended fruit drinks, popcorn, and other snack foods. In July 1998, Berkshire Hathaway acquired NetJets , formerly Executive Jet Aviation, for $ 725 million in cash. NetJets is the world's largest provider of fractional ownership programs for general aviation aircraft. In 1986, NetJets created
3233-477: The outskirts of Nashville in Fairview, Tennessee . In 2015, Campbell Hausfeld was sold to Marmon Group , another subsidiary of Berkshire Hathaway, that operates more than 125 autonomous manufacturing and service businesses in 11 sectors including crane, electrical, food service, industrial, medical, metal, plumbing & refrigeration, transportation, and water technologies. In 2017, Douglas Quikut, manufacturer of
3294-467: Was 410.9 inhabitants per square mile (158.6/km ). There were 2,245 housing units at an average density of 159.1 units per square mile (61.4 units/km ). The racial makeup of the city was 97.07% White , 0.66% African American , 0.38% Native American , 0.24% Asian , 0.33% from other races , and 1.33% from two or more races. Hispanic or Latino of any race were 1.48% of the population. There were 2,105 households, out of which 43.7% had children under
3355-482: Was acquired in February 2000 by Wesco Financial Corporation, an 80.1% owned subsidiary of Berkshire and is the largest U.S. provider of rental furniture, accessories and related services in the "rent-to-rent" segment of the furniture rental industry. In May 2000, Berkshire acquired Ben Bridge Jeweler , a chain of jewelry stores established in 1912 with locations primarily in the western United States. Helzberg Diamonds ,
3416-464: Was appointed vice chairman for non-insurance business operations, and Jain became vice chairman of insurance operations. In May 2021, Buffett named Greg Abel to be his successor as CEO of Berkshire Hathaway. Berkshire Hathaway has never undergone a stock split of its Class A shares because of management's desire to attract long-term investors as opposed to short-term speculation . However, in 1996, Berkshire Hathaway created Class B shares , with
3477-403: Was formed. SFCB's brands include Wayne Pumps, Blue Angel Pumps, Halex, Ginsu Brands, and American Angler. Berkshire Hathaway Berkshire Hathaway Inc. ( / ˈ b ɜːr k ʃ ər / ) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska . Founded in 1839 as a textile manufacturer, it transitioned into a major conglomerate starting in 1965 under
3538-519: Was listed as one of the top 1,000 High Schools in the US according to Newsweek Magazine. Fairview schools are part of the Williamson County School system (www.WCS.edu). It has a recreation center that is part of Williamson County Parks and Recreation system. The center offers civic meeting rooms, WAVES org, exercise classes, a gym with free weights and machines and a large outdoor swimming pool. There
3599-619: Was rebranded as HomeServices of America , a division of Berkshire Hathaway Energy . In addition to brokerage services, it provides mortgage loan originations, title insurance and closing services, home warranty , property insurance and casualty insurance and other related services. The company has acquired several residential real estate brokerages including Long & Foster , acquired in September 2017. In October 1999, Berkshire acquired Jordan's Furniture for an estimated $ 200 million to $ 300 million. CORT Business Services Corporation
3660-409: Was reluctant to create the class B shares but did so to thwart the creation of unit investment trusts that would have marketed themselves as Berkshire look-alikes. In January 2010, as part of the acquisition of BNSF Railway , Berkshire completed a 50-to-1 stock split of its class B shares . The increased market liquidity resulted in the company's inclusion in the S&P 500 upon consummation of
3721-509: Was valued at $ 35 per share, but Buffett offered $ 50 per share for the company, or $ 8.6 million. In 1963, Franklin Otis Booth Jr. invested $ 1 million in the company and in 1968, David Gottesman invested in the company. The investments made both individuals billionaires. In the late 1970s, Berkshire acquired an equity stake in GEICO , which forms the core of its insurance operations today and
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