Berkshire Hathaway Cooperation

Berkshire Hathaway Inc. is an American multinatiolenal conglomerate holding company headquartered in Omaha, Nebraska,United States, that oversees and manages a number of subsidiary companies. The company wholly owns GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and NetJets, owns half of Heinz and an undisclosed percentage of Mars, Incorporated, and has significant minority holdings in American Express, The Coca-Cola Company, Wells Fargo, and IBM.

The company is known for its control by investor Warren Buffett, who is the company's chairman, president, and CEO, and Charlie Munger, the company's vice-chairman. Buffett has used the "float" provided by Berkshire Hathaway's insurance operations (paid premiums which are not held in reserves for reported claims and may be invested) to finance his investments. In the early part of his career at Berkshire, he focused on long-term investments in publicly quoted stocks, but more recentl... [Details]