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Buffett: Berkshire Won't Be "Spinning Off" Any Subsidiaries
Published:
Saturday, 2 May 2009 | 3:02 PM ET
Text Size 
By: Alex Crippen
Executive Producer
Executive Producer
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Warren Buffett promises that Berkshire Hathaway won't be "spinning off any companies" in the future.
He joked that anytime someone suggests the company could get a short-term gain from a spin-off, he throws them out of the office.
"We've listened to presentation after presentation" over the years from bankers proposing various deals, and "there's always a fee" involved.
Buffett says it's important the companies bought by Berkshire can trust they will remain with Berkshire.
Current Berkshire stock prices:
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Class A: [US;BRK.A
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Class B: [US;BRK.B
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