The Deal
Sunday, November 22, 
10:22 am

Buffett family values, revisited

  Share     E-Mail    Discussion    Print Story

Warren_Buffett_smiling.jpgNicole Buffett may have learned a few things about media in the two years since we've heard from her last. For those unfamiliar with her, Nicole is the adopted daughter of Warren Buffett's son Peter Buffett. She upset the founder of Berkshire Hathaway Inc.when she appeared in the "One Percent," a documentary about the children of the ultra-wealthy, where she contradicted Buffett's longtime assertion that money isn't everything to him. Instead, she declared, "Money is the spoke in my grandfather's wheel of life." Oops. Her comments in both the film, and subsequent talk show appearances, elicited a swift response from the Oracle of Omaha, who declared she isn't his granddaughter -- despite her assertion of a close relationship.


Continue reading below

Also on Dealscape

While she erred by angering Buffett, she may be playing the media to get back into his good graces. Will it work? After a few failed attempts to mend fences via an addendum to "One Percent," she's making the rounds again in the days before Christmas, the season of giving. Coincidence? Not likely. By bringing her tale of woe to Buffett -- since he cut her off, she allegedly has lived without cable solely on the $40,000 she generates as an artist, notes the Marie Claire story that launched her recent campaign -- she is slyly portraying him as the Grinch. Will the Oracle take the bait, and forgive her? So far, there's no signs he plans to, but then again, as Dealscape noted in 2006, Buffett is pretty private about family matters. We'll know he came through if there's a cable bill in her mailbox. - Matthew Wurtzel

See story from Marie Claire
See earlier post "Buffett family values" from Dealscape






Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.