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Key Deals This Week: ServiceNow, Eaton, Crown Castle, Victoria's Secret and More
Research Alert: CFRA Keeps Hold Opinion On Class B Shares Of Berkshire Hathaway Inc.
Not only has he stopped buying Stocks, but Buffett also "rarely" wants to sell a subsidiary; does he no longer want one of the "largest real estate agencies in the U.S."?
Warren Buffett wrote in last year's shareholder letter: "Berkshire seldom sells its controlled subsidiaries unless we believe their problems will continue indefinitely." Last year, the USA real estate agency industry was impacted by housing shortages and high housing prices, and the subsidiary, USA Home Services, reported losses after two consecutive years of profit. If this Trade is completed, it may indicate that Berkshire is willing to sell more smaller, non-core Business segments, thereby streamlining the company and possibly making it easier for Buffett's potential successor, Berkshire executive Greg Abel, to manage.
LVMH Group plans to raise the age limit for the CEO to 85.
The Board of Directors of the French Luxury Goods giant LVMH has proposed to raise the age limit for its chairman and CEO to 85 years, which will be voted on during the annual Shareholder meeting on April 17. If approved, this would mean that 76-year-old Bernard Arnault could continue to steer the company for nearly another decade. According to the Bloomberg Billionaires Index, Arnault currently has a net worth of $176 billion, ranking fourth on the Global billionaire list. He has served as CEO of LVMH since 1989, managing brands including Givenchy.
Buffett Hates Selling Anything. The Sale of Berkshire's Real Estate Unit Would Be Unusual
Compass Said in Talks to Acquire Berkshire Hathaway's HomeServices Business
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