According to the AP it's true that Warren Buffett hired the
hedge fund manager who won the last two private lunches with him that are part
of an annual auction, but he doesn't expect the event to become a recruiting
tool for Berkshire Hathaway.
Rather, Buffett says it's miraculous that he found one of
Berkshire's two new investment managers through the lunch. He offered Ted
Weschler a job after he'd paid nearly $5.3 million over two years to dine with
Buffett.
"We're perfectly situated now in respect to money
managers," Buffett told the Associated Press. Besides Weschler, Buffett
has also hired Todd Combs to eventually oversee the company's investments when
the 81-year-old Buffett is gone as part of Berkshire's succession planning.
Buffett said he just hopes the 13th annual online auction
will again raise a significant amount of money for San Francisco's Glide
Foundation…..
Read all ahout it at http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/03/BU391OS7AA.DTL
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