Buffett

May 15, 2008 - 5:34am

Insight into the competitive performances of FlightSafety International and Executive Jet can be found in a candid and personal letter by Berkshire Hathaway CEO Warren Buffett to shareholders in his company. In the midst of the financial data, he singles out the leaders of these two divisions, Al Ueltschi and Richard Santulli.

May 7, 2008 - 7:44am

NetJets owner Warren Buffett told The Wall Street Journal he expects fractional sales will double in Europe to 200 shareowners this year, although he said the enterprise will still lose money this year. To help reach that goal, Buffett hosted several meetings last summer in Europe to convince guests that buying a share of a NetJets aircraft makes good business sense.

March 4, 2008 - 11:11am

In his annual letter to Berkshire Hathaway shareholders released Friday, investment mogul Warren Buffett said the company’s flight-services division–which includes fractional provider NetJets and aviation training company FlightSafety International–set a record last year with pre-tax earnings increasing 49 percent to $547 million.

January 17, 2008 - 6:23am

As he does every year in his annual report, Berkshire Hathaway CEO Warren Buffett gave his frank and folksy description of how his company’s many holdings performed in the previous year, including FlightSafety International and NetJets.

January 17, 2008 - 6:23am

As he does every year in his annual report, Berkshire Hathaway CEO Warren Buffett gave his frank and folksy description of how his company’s many holdings performed in the previous year, including FlightSafety International and NetJets.

January 8, 2007 - 11:23am

Berkshire Hathaway chairman Warren Buffett, in his latest annual letter to shareholders issued Saturday, said the company’s flight services division–FlightSafety and NetJets–reported $120 million in pre-tax earnings versus $191 million in 2004. According to Buffett, “Earnings improved at FlightSafety as corporate aviation continued its rebound…[but] operating results at NetJets were a different story.

November 14, 2006 - 6:26am

Preparing for future growth of its U.S. and European operations–and in spite of mounting losses–fractional ownership giant NetJets has placed orders for 72 business jets valued at more than $1.6 billion.

September 20, 2006 - 10:16am

In his annual letter to shareholders, 75-year-old Berkshire Hathaway chairman Warren Buffett addressed the issue of management succession at his company: “As owners, you are naturally concerned about whether I will insist on continuing as CEO after I begin to fade and, if so, how the board will handle that problem. You also want to know what happens if I should die tonight.”

 
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