Berkshire Hathaway Inc.
Berkshire Hathaway Inc. – Executive Summary
This team has been assigned to perform an executive summary of Berkshire Hathaway Inc. (BHI). This company has been profitable for the last three fiscal years, and is on the U.S. Stock Exchange. This summary will contain information gathered from BHI’s most recent annual report. Using the company’s balance sheet, cash flow statement, and income statement (all three are attached following the references) 14 key areas will be addressed: 1. Company history | 2. Audit firm | 3. Stock exchange | 4. Cash and cash equivalents | 5. Total current assets | 6. Two largest current assets | 7. Total assets | 8. Accounts payable | 9. Total current liabilities | 10. Two largest current liabilities | 11. Total liabilities | 12. Net revenues | 13. Net income | 14. Change in net income | BHI is a conglomerate with headquarters in Omaha, Nebraska. They can actually trace their roots back to a textile company established by Oliver Chase in 1839 (BHI, 2010). In 1962, Warren Buffet started buying stock in BHI, and is now the CEO. By 1985, BHI was no longer a textile operation; it was now solely an insurance company (BHI, 2010). BHI has a Audit Committee Charter that is comprised of at least three directors. All of whom have been determined to have no material relationship to the company, and is otherwise independent, under the rules of the New York Stock Exchange Inc. and rule 10a-3 under the Securities Exchange Act of 1934 (BHI, 2010). BHI is on the New York Stock Exchange and their ticker symbol is BRK.A (BHI, 2010).
BHI is ranked the #1 corporate status according to the 11th annual Harris United States quotient. BHI is a company owning subsidiaries engaging in a figure of diverse activities. This company is listed with BRKA and BRKB stock exchange that are known as class A and B shares. “Class B shares are designed never to trade above 1/30th of the price of Class A
This team has been assigned to perform an executive summary of Berkshire Hathaway Inc. (BHI). This company has been profitable for the last three fiscal years, and is on the U.S. Stock Exchange. This summary will contain information gathered from BHI’s most recent annual report. Using the company’s balance sheet, cash flow statement, and income statement (all three are attached following the references) 14 key areas will be addressed: 1. Company history | 2. Audit firm | 3. Stock exchange | 4. Cash and cash equivalents | 5. Total current assets | 6. Two largest current assets | 7. Total assets | 8. Accounts payable | 9. Total current liabilities | 10. Two largest current liabilities | 11. Total liabilities | 12. Net revenues | 13. Net income | 14. Change in net income | BHI is a conglomerate with headquarters in Omaha, Nebraska. They can actually trace their roots back to a textile company established by Oliver Chase in 1839 (BHI, 2010). In 1962, Warren Buffet started buying stock in BHI, and is now the CEO. By 1985, BHI was no longer a textile operation; it was now solely an insurance company (BHI, 2010). BHI has a Audit Committee Charter that is comprised of at least three directors. All of whom have been determined to have no material relationship to the company, and is otherwise independent, under the rules of the New York Stock Exchange Inc. and rule 10a-3 under the Securities Exchange Act of 1934 (BHI, 2010). BHI is on the New York Stock Exchange and their ticker symbol is BRK.A (BHI, 2010).
BHI is ranked the #1 corporate status according to the 11th annual Harris United States quotient. BHI is a company owning subsidiaries engaging in a figure of diverse activities. This company is listed with BRKA and BRKB stock exchange that are known as class A and B shares. “Class B shares are designed never to trade above 1/30th of the price of Class A
References: Berkshire Hathaway Inc., (2010). Berkshire Hathaway Inc. Retrieved on April 18, 2010 from http://www.berkshirehathaway.com/ Business Knowledge Source, (2009)