Barack Obama’s plan to ask the wealthy to pay their fair share of tax has sent Fox News into DEFCON 1.
Warren Buffett
Who will be the next Warren Buffett?
US money manager Christopher Mittleman has nominated an heir to the Warren Buffett throne: billionaire hedge fund investor Phillip Falcone. But Falcone is a controversial choice, explains James Thomson.
Buffett slams super-rich tax rates, but what about Australia?
A grab-bag of Australia’s more progressive business leaders have backed US entrepreneur Warren Buffett’s calls for the super-rich to pay more tax.
US grabs Gupta, the big fish of insider trading
Overnight the US Securities and Exchange Commission revealed it had fingered one of the most senior people in the American business establishment on insider trading charges.
Political snippets: Time right to call Xenophon’s bluff
Nick Xenophon clearly is enjoying his last few months of fame as he milks for all it’s worth the “will-he won’t-he” suspense about the planned Queensland flood tax.
How Rupert compares himself to Warren Buffett
It will be amusing to read the Murdoch press cover all these forthcoming remuneration votes in Australia when their own top five executives trousered $US80 million in 2009-10 and actively deny News Corp shareholders a chance to reflect on this.
Kohler: let’s hang up on old Telstra
Let’s face it, successive management teams have been transforming Telstra for 15 years, trying to get the organisation to put customers first and be more competitive, and all have failed.
The business of giving away billions
Last year at a secret meeting in New York a group of 40 billionaires made a pact to give away the majority of their wealth to charity. Here is an account of what transpired and a photo gallery of the deep-pocketed people involved.
Nine reasons why the rich should give more …
For Australians on the average wage it seems they allocate 2%-3% to charity … So some nice, normal Aussie is allocating three times the amount of their wealth to charity when compared to our most wealthy … Why is this so? asks Daniel Petre, entrepreneur, philanthropist and former vice-president of Microsoft
Our wealthy getting a free ride: time to start giving back
Generally Australia’s wealthy are very poor at donating money to worthy causes, writes Daniel Petre, entrepreneur, philanthropist and former vice-president of Microsoft.
Crikey Says: Our rich are the most stingy
Over the past year, at a series of secret dinners held under a “cone of silence”, some of the world’s wealthiest people have been plotting a giant conspiracy that could, literally, change the world.
Billionaires, give your money away!
Warren Buffet and Bill Gates are asking US billionaires to pledge at least half of their fortunes to charity. This has the potential to completely change philanthropy forever, says Carol Loomis.
The all-you-can-earn Buffett
Warren Buffet is the best investor in the world, the responsible, folksy old timer outsider from Omaha, different from the slick Wall Street guys. Right? Not quite, says NY Mag.
My dad, Warren Buffett, the tightwad
Peter Buffett’s dad, Warren Buffet, may be worth US$47 billion, but Peter sold his inheritance years ago and instead writes folk songs. He also lectures company execs on how not to raise spoilt brats.
Business As Usual: Oil spill cost up to $12.5b … the end nigh for Camwest
The split up and sale of the bankrupt Canwest TV and newspaper interests is heading for the end game, The UK gears for unremitting post-election gloom and other business news.
Business As Usual: Questions on Greece … BP oil disaster … China puts brakes on property
BP slow out of the blocks over oil spill … China still tightening the screws on property lending … What happens here if the China economy stumbles? … Mining: it’s all about geography and availability, not taking the profits.
Business As Usual: Retailing slows, led by Woolies, credit grows, led by the market, Greece saved?
Greece will cut its spending by 24 billion euros … Greece’s pain comes to the aid of the Germans … Unemployment falls in Europe … Warren Buffett faces a big test at the annual meeting of his Berkshire Hathaway company …
M&As: when “merchant banker” is rhyming slang for “real estate agent”
Shareholders should be afraid. The nascent sharemarket boom is starting to encourage chatter of mergers and acquisitions: a handy way for investment bankers to charge enormous fees and for executives to increase their remuneration.
Buffett’s No.2 gets down to basics that are relevant in Australia
Few Australians would have heard of Charlie Munger, despite him being long-term business partner of billionaire investor Warren Buffet. But Munger has some good advice for Australians on their reliance on debt.
Business As Usual: How Woolies kicked a big goal … a veritable buffet of Buffett … warm inner glow in the UK
The lowdown on the Woolworths’ results, Warren Buffett puts in his two bob’s worth, growth in the UK, Japan’s travelling nicely and other business news of the day.
Business As Usual: French knee-deep in the merde … Bubbly, salmon, Spam and soup all on the menu
While the French are embroiled in a cheap plonk sting, the price of salmon is going through the roof and Spam and cheap soup are on the financial menus of several companies.
US Treasury boss goes into bat (and print) for himself
Former US Treasury Secretary and Goldman Sachs CEO Henry Paulson on Tuesday undertook a strident defence of his management of the US economy during the height of the financial crisis.
Buffett’s Krafty take on merger maulings
Billionaire investor Warren Buffett isn’t happy about Kraft’s $US20 billion tasty takeover Cadbury and he could be proven right. Is it a rotten deal?
Banks jockeying to do it all over again with carbon trading
As news circulates on the internet allegations that giant banks will make a killing on carbon trading, there are fears the scheme presents a high probability for fraud and insider trading.
graph pr0n Warren Buffett’s $40 billion investment empire
Following Warren Buffett’s $34 billion buy-out of America’s second-biggest railway, this great infographic charts the history and breadth of the investor extraordinaire’s business empire and investments.
