Heinz's new CEO Bernardo Hees comes from Burger King and, before that, Buffett's buyout partner 3G. It's another move that's outside of Buffett's playbook.
FORTUNE -- In mid-February, when the deal to buy Heinz was announced, Warren Buffett gave Heinz's CEO a vote of confidence. "I think Bill Johnson has done a very good job of running the company," Buffett told CNBC.
Two months later, Johnson is out of a job.
On Thursday, MOREStephen Gandel, senior editor - Apr 12, 2013 11:54 AM ET
How the Oracle of Omaha turned an 18% rise in Goldman's shares into a 64% return for Berkshire Hathaway shareholders.
FORTUNE -- We knew Goldman Sachs was wounded in the financial crisis. It may have been in more trouble than is understood.
That's the sense you get from Warren Buffett's recently inked deal to turn the warrants Berkshire Hathaway received as part of its $5 billion investment in Goldman (GS) at the MOREStephen Gandel, senior editor - Mar 28, 2013 7:30 AM ET
Warren Buffett makes an unconvincing case.
FORTUNE -- Shortly after Berkshire Hathaway announced plans to buy H.J. Heinz Co. (HNZ) for $28 billion, I suggested that Warren Buffett's well-documented disdain for private equity must have softened. After all, Berkshire (BRKA) was partnering on the deal with a private equity firm called 3G Capital.
So yesterday the question was put to Buffett, during an appearance on CNBC's Squawk Box. Here was his reply:
"It is a MOREDan Primack - Mar 5, 2013 4:34 PM ET
In the annual horse race, Buffett gives few clues about who will be Berkshire's next CEO.
FORTUNE -- Warren Buffett still isn't saying who will be the next CEO of Berkshire Hathaway.
In his annual letter to shareholders, which was released on Friday afternoon, Buffett reveals nothing new about the plan for Berkshire Hathaway (BRKA) when or if the 82-year-old executive retires. In fact, the only section in which Buffett talks about MOREStephen Gandel, senior editor - Mar 1, 2013 4:13 PM ET
The Oracle of Omaha still likes the market -- but he's hardly pounding the table.
FORTUNE -- In his annual letter to Berkshire Hathaway (BRKA) shareholders, released Friday afternoon, Buffett says he still believes U.S. stocks will "do well." He notes that he made his first stock purchase during the bleakest part of World War II, so even if things look not so great right now, you should end up doing fine MOREStephen Gandel, senior editor - Mar 1, 2013 4:03 PM ET
Warren Buffett's Berkshire Hathaway raised its per-share book value 14.4% in 2012, less than the S&P 500's 16% total return. But the marker Buffett dismisses -- earnings per share -- rose 44%.
By Carol Loomis
FORTUNE -- Berkshire Hathaway reported after the stock market's close that its book value per share rose in 2012 by 14.4%, helped especially by excellent results in insurance; strong business for BNSF and Marmon in transporting oil; MOREMar 1, 2013 4:03 PM ET
Berkshire and 3G's $28 billion bid for the ketchup maker could be Warren Buffett's richest deal yet.
FORTUNE -- Part of the mystique, and down-home charm, of Warren Buffett is the belief that most of all he is always looking for a good bargain. Did he get one with Heinz? It's not so clear.
Buffett is best known for having bought up large stakes in companies like Coke (KO), Geico, Gillette and MOREStephen Gandel, senior editor - Feb 15, 2013 10:33 AM ET
Warren Buffett has teamed up with 3G Capital to buy Heinz. Yes, that's a private equity firm.
FORTUNE -- Warren Buffett is no fan of private equity, having said that buyout firms are short-term financial engineers who "don't love" the companies in which they invest. He also has bragged about how he never has bought a company from private equity firms.
So what are we to make of the fact that Buffett MOREDan Primack - Feb 14, 2013 3:30 PM ET
Berkshire Hathaway and 3G Capital plan to buy Heinz for $28 billion.
By Carol Loomis, senior editor-at-large
FORTUNE -- Two billionaires -- business and personal friends who live on separate continents -- announced today that their companies would jointly buy H.J. Heinz Co. for $28 billion, including the assumption of $4 billion in debt.
The two dealmakers are Warren Buffett and the Brazilian/Swiss businessman and philanthropist Jorge Paulo Lemann. Buffett's Berkshire Hathaway MOREFeb 14, 2013 8:17 AM ET
Five years into a ten-year bet that an S&P index fund can beat hedge fund funds-of-funds, Warren Buffett is in the lead for the first time.
By Carol Loomis
FORTUNE -- It's halfway time in the 10-year stock market wager sometimes called The Million-Dollar Bet—that's Warren Buffett backing the performance of an S&P index fund vs. a New York money manager backing five funds of hedge funds—and there's double-barreled news.
Item One: For the MOREJan 24, 2013 10:02 AM ET
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