Buffett admitted Kraft Heinz was a rare gaffe as Berkshire Hathaway remains a large shareholder in the company, while the Gates Foundation holds equity in both Kraft Heinz and BRK.
1 report, 1 independent
Updated Jul 30
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What happened
Buffett admitted Kraft Heinz was a rare gaffe as Berkshire Hathaway remains a large shareholder in the company, while the Gates Foundation holds equity in both Kraft Heinz and BRK.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Gates Foundation is actively involved in philanthropic efforts, providing annual donations of Class B stock while Greg Abel serves as CEO of Berkshire Hathaway.Sub-event
Buffett calls KH a gaffe; GF holds equity in KH and BRK; Abel is new CEO of BRK.1 source
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The entities involved
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Kraft Heinz
American worldwide food company formed by the merger of Kraft Foods and Heinz
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Berkshire Hathaway
American multinational conglomerate holding company
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Bill Gates
American businessman, investor, and philanthropist (born 1955)
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- Berkshire Hathaway holds equity in companies including Apple, American Express, Bank of America, and Coca-Cola. Greg Abel is leading the strategic initiatives.