“In a company with over 270,000 employees , there are only 23 at corporate headquarters in Omaha. There are no regular budget meetings for Berkshire companies. The CEOs who run Berkshire's subsidiary companies simply never hear from Buffett unless they call for advice or seek capital for their busine…”— William N. Thorndike , amazon.comTagged: Berkshire Hathaway, Decentralization, Manage Little, Management
“You have to be willing to always ask what the return is and to go forward only with projects that offer attractive returns using conservative assumptions.”— William N. Thorndike , amazon.comTagged: Basic Business, Conservative Business
“Buffett has famously eschewed splitting Berkshire's A shares, which currently trade at over $120,000, more than fifty times the price of the next-highest issue on the New York Stock Exchange (NYSE). He believes these splits are purely cosmetic and likens the process to dividing a pizza into eight ve…”— William N. Thorndike , amazon.comTagged: Berkshire Hathaway, NYSE, Ownership