Berkshire

Berkshire (/ˈbɑːrkʃər/ or /ˈbɑːrkʃɪər/, abbreviated Berks) is a county of south east England, located to the west of London. It has also been known as the Royal County of Berkshire since at least the 19th century because of the presence of Windsor Castle and was recognised as such by the Queen in 1957 and letters patent issued in 1974. Berkshire is a county of historic origin and is both a ceremonial county and a non-metropolitan county without a county council. Berkshire County Council was the main county governance from 1889 to 1998 except for the separately administered County Borough of Reading.

In 1974, significant alterations were made to the county's administrative boundaries although the traditional boundaries of Berkshire were not changed. The towns of Abingdon, Didcot and Wantage were transferred to Oxfordshire, Slough was gained from Buckinghamshire and the separate administration of Reading was ended. Since 1998, Berkshire has been governed by the six unitary authorities of Bracknell Forest, Reading, Slough, West Berkshire, Windsor and Maidenhead and Wokingham. It borders the counties of Oxfordshire (to the north), Buckinghamshire (to the north-east), Greater London (to the east), Surrey (to the south-east), Wiltshire (to the west) and Hampshire (to the south).

Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and NetJets, owns 26% of Kraft Heinz Company and an undisclosed percentage of Mars, Incorporated, and has significant minority holdings in American Express, The Coca-Cola Company, Wells Fargo, IBM and Restaurant Brands International. Berkshire Hathaway averaged an annual growth in book value of 19.7% to its shareholders for the last 49 years (compared to 9.8% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.

The company is known for its control and leadership by Warren Buffett, who is the company's Chairman of the Board, President, and Chief Executive Officer, and Charlie Munger, the company's Vice-Chairman of the Board of Directors. In the early part of Buffett's career at Berkshire, he focused on long-term investments in publicly traded companies, but more recently he more frequently bought whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroad, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.

Warren Buffett

Warren Edward Buffett (/ˈbʌfᵻt/; born August 30, 1930) is an American business magnate, investor and philanthropist. He is the most successful investor in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people.

Buffett is often referred to as the "Wizard of Omaha" or "Oracle of Omaha," or the "Sage of Omaha," and is noted for his adherence to value investing and for his personal frugality despite his immense wealth. Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer, for which he successfully completed treatment in September 2012. Buffet is also active in contributing to political causes, having endorsed Democratic candidate Hillary Clinton for president during the 2016 campaign season.

Charlie Munger

Charles Thomas Munger (born January 1, 1924) is an American businessman, lawyer, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; in this capacity, Buffett describes Charlie Munger as "my partner." Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

Early life

Like Buffett, Munger is from Omaha, Nebraska. After studies in mathematics at the University of Michigan, and service in the U.S. Army Air Corps as a meteorologist, trained at Caltech, he entered Harvard Law School, where he was a member of the Harvard Legal Aid Bureau, without an undergraduate degree.

Career

Graduating in 1948 with an LL.B. magna cum laude, he moved with his family to California, where he joined the law firm Wright & Garrett (later Musick, Peeler & Garrett). In 1962 he founded and worked as a real estate attorney at Munger, Tolles & Olson LLP. He then gave up the practice of law to concentrate on managing investments and later partnered with Otis Booth in real estate development. He then partnered with Jack Wheeler to form Wheeler, Munger, and Company, an investment firm with a seat on the Pacific Coast Stock Exchange. He wound up Wheeler, Munger, and Co. in 1976, after losses of 31% in 1973 and 1974.

Shareholder Meeting

"Shareholder Meeting" is the 11th episode of the sixth season of the U.S. comedy series The Office and the show's 111th episode overall. It was written by Justin Spitzer and directed by Charles McDougall, and originally aired in the United States on NBC on November 19, 2009.

The series—presented as if it were a real documentary—depicts the everyday lives of office employees in the Scranton, Pennsylvania, branch of the fictional Dunder Mifflin Paper Company. In this episode, Michael heads to a shareholder meeting in New York, and brings Andy, Dwight, and Oscar with him. Michael is shocked when he and other higher members of the company are booed onstage and tries to improve the situation, but instead worsens it. Meanwhile, Jim struggles to get Ryan to do some work.

Synopsis

Michael (Steve Carell) gets excited when he's invited by CEO Alan Brand to be honored on stage at the Dunder Mifflin shareholder meeting in New York. He brings Andy (Ed Helms), Dwight (Rainn Wilson) and Oscar (Oscar Nunez) along for the ride in the limo that was sent, making Oscar outraged that the company would spend money on sending a limo when they're about to go bankrupt. Oscar is further infuriated that they booked a huge conference room for the meeting. Andy suggests that Oscar bring up these grievances at the meeting, but Oscar refuses to for fear of losing his job. When the meeting begins, the panel is greeted by jeers, which is not what Michael was hoping for. When the panel moves to take a break, the crowd's jeers increase as they protest that the panel has yet to offer any solutions to Dunder Mifflin's situation. Sick of the negative vibe, Michael impulsively announces a 45-day plan to fix Dunder Mifflin, which is greeted with enthusiastic applause.