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.
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Updated oct 8
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How it started
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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.Buffett confirms Kraft Heinz is a long-term investment.1 source
- 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)
Related events
- Berkshire Hathaway acquired a 27.5% stake in Kraft Heinz, which was formed from the merger of Kraft, with Warren Buffett involved in the megamerger.
- Berkshire Hathaway holds large equity positions in Apple and Coca-Cola.
- Howard took over as non-executive chairman, was appointed as successor and CEO, and subsequently stepped down from the chairman role.
- Quintet Private Bank Europe S.A. increased its holdings in Kraft Heinz shares.
- Buffett recommends index funds like S&P 500 while serving as CEO of Berkshire Hathaway.