Friday, March 12, 2010
It was in 2008 that Warren Buffett was on the receiving end of many phone calls from New York and Dick Fuld, Lehman’s former chief executive, and others with the deal of the month for Berkshire to come to the rescue of that financial disaster of an investment bank known as Lehman Brothers.
What did Warren Buffett do? He read the Lehman annual report, asked a few questions (got answers he didn't like), ate some more ice cream (his favorite dish), and then stopped answering phone calls from New York (effectively saying no to the deal).
Read further about the Lehman soap opera:
Thursday, March 11, 2010
With Carlos Slim winning the "2010 Forbes Billionaire Contest" (our title), he displaces Microsoft's Bill Gates for the World Billionaire Thrown. Not only was Bill Gates on top of the money list for an extended time, Mr. Slim represents the first non-U.S. citizen to gain the title.
So, we here at Think Billion$, started to feel a little sorry for our U.S. technology billionaires. (yes, including Mr. Gates) We put together a little list of tech billionaires that, at least, will get their names favorably mentioned.
Here is the tech list (below). Can you name the companies they are each associated with (without looking it up?)
Bill Gates: $53 billion.
Larry Ellison: $28 Billion
Sergey Brin & Larry Page: $17.5 Billion Each
Steve Ballmer: $14.5 Billion
Paul Allen and Michael Dell: $13.5 Billion
Jeff Bezos: $12.3 Billion
Eric Schmidt: $6.3 Billion
Steve Jobs: $5.5 Billion
Pierre Omidyar: $5.2 Billion
Mark Zuckerberg: $4 billion.
Wednesday, March 10, 2010
Carlos Slim Helú of Mexico beat Bill Gates and Warren E. Buffett for the top spot on Forbes magazine’s annual list of billionaires, becoming the first person from outside the United States to lead the rankings in 16 years.