Published: Saturday, 2 May 2009 | 3:02 PM ET
By: Alex Crippen
Executive Producer
Executive Producer
 |
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: |
Class A: [US;BRK.A 92005.0 
-1995.00 (-2.12%) 
]
Class B: [US;BRK.B 3043.95 -21.05 (-0.69%) ]
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