May
07
As Warren Buffett’s Empire Expands, Many Jobs Disappear
ByIf the employees of Berkshire Hathaway Inc. and all its subsidiaries were packed into one city, the population would be about the same as Tampa, Florida.
The inhabitants of this fictional town—call it Buffettville, after the company’s longtime leader, Warren Buffett—would be its own economic microcosm. There’d be airplane pilots, train conductors, garment workers, welders, insurance adjusters, chemists and car salesmen, to name just a few professions. Every year, as the conglomerate buys companies in the real world, more factories and offices would pop up in Buffettville, adding to its population…
As Warren Buffett’s Empire Expands, Many Jobs Disappear
