In Berkshire Hathaway’s Form 13F regulatory filing, the company, owned by billionaire Warren Buffett, revealed it had bought a stake in banking giant Citigroup. Berkshire Hathaway purchased 55.2 million shares, or approximately 2.8% of Citigroup’s outstanding shares, for a total value of around $2.95 billion. Berkshire Hathaway’s average cost per share was around $53.40. At […]
Cascade Investment will acquire half of the billionaire prince’s stake in the luxury hotel chain, raising its ownership to 71.3% and valuing the company at approximately $10 billion on an enterprise basis. According to a statement by Four Seasons, Prince Alwaleed will continue to own the remaining stake in the company. The prince owns stakes […]
Employees owning shares in the company that they work for isn’t a new concept. In fact, in 1950 the ownership of the John Lewis Partnership was passed to trustees to benefit those who worked for the business.
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