Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts

Wednesday, March 30, 2011

And cue the SEC in three . . . two . . . one. . . .


I'm not a corporate lawyer, and I don't play one on the Internet, but I have been around long enough to know when something doesn't smell quite right.

And David Sokol's sudden resignation from Berkshire Hathaway when he was in the running to become Warren Buffett's successor doesn't smell quite right. Especially after he loaded up on stock in a company he then prodded Berkshire to acquire.

There isn't a bunch to this Associated Press story this afternoon, but I'm betting there will be a lot more in short order -- especially if the feds actually start doing their job for a change:

Buffett said Wednesday that he received David Sokol's resignation letter late Monday, and noted that it came as a surprise. Buffett said Sokol, who had been serving as chairman of Berkshire's MidAmerican Energy, NetJets and Johns Manville units, indicated that he wants to spend more time on philanthropy.

Buffett said he learned earlier this month that Sokol bought nearly 100,000 shares of Lubrizol stock before recommending that Berkshire buy the chemical company. Buffett said he doesn't believe those stock purchases were illegal, and didn't ask Sokol to resign.
YEP, there's more to this. And somehow, I'll wager it all leads back to Sokol's famous arrogant streak.

Wednesday, April 28, 2010

Rich Man, Poor Man . . . invisible man

Channel 7 went to the videotape, and its story about Big Mama's was as I expected.

Which means they got about half the story -- the North Omaha half.

What
KETV didn't notice was the South O half of the story -- a half that may be even more illustrative. Because in South Omaha, it wasn't that the area was ignored completely -- it wasn't -- but what restaurants there were ignored, amigo.

HERE'S WHAT the TV folk reported -- or some of it, at least:
She said her restaurant wasn't the only one in the area left out of the Berkshire Hathaway guide.

"North Omaha is here," she said. "We're on the map. We've been here. Why were we left out?"

Her daughter contacted Warren Buffett's office directly, twice in the last two years, but she wasn't able to get an answer.

After KETV NewsWatch 7 got involved on Wednesday, Barron received a surprising voice mail from the head of Berkshire Hathaway himself.

"Hi, this is Warren Buffett. I was calling Patricia Barron," the message went. "I'd appreciate if you'd give me a call. Thanks."

"I'm just thrilled," she said. "He called me."

She said she plans to ask Buffett to get north Omaha in the loop.

"That I'd like to be included on his list, this year and next year, and that I want him to come down and have a meal at Big Mama's," Barron said.
ALAS, this is a story older than ol' Jim Crow. It, in fact, is as old as the Good Book.

It's as old as Lazarus begging for crumbs from the rich man's table and getting none. And in what might be a nice visual hook for television audiences, it also features the fantastic spectacle of rich people and trying to squeeze camels through the eye of a needle.

Stuff rich white people like



The Berkshire Hathaway annual meeting in Omaha is the epitome of "Stuff White People Like."

Specifically, stuff rich white people like.

And judging by the annual shareholder's meeting visitor's guide, rich folk got no use for soul food restaurants in North Omaha, or for Mexican restaurants owned by actual Mexicans who set up shop in Omaha's Latino quarter. "White" restaurants in South Omaha, on the other hand, are recommended to the Berkshire stockholders and Warren Buffett fanboys. Latino joints are not.

One in "deepest, darkest South O," Piccolo Pete's is among Buffett's faves.

But no El Aguila. No El Alamo. No Maria Bonita. No Taqueria Tijuana, or any of the other authentic-as-you-can-get Mexican eateries up and down S. 24th Street and, indeed, all over South O.


THE SAME goes for an acclaimed soul-food joint in North Omaha -- Big Mama's Kitchen. It's notable enough to be featured on the Food Network, but not notable enough that the Berkshire meeting organizers might think it worthy of wealthy, largely white palates.

Neither was another beloved Omaha joint featured on
Diners, Drive-Ins and Dives -- California Tacos. And what might be the connection between two eateries featured on national TV but not featured in the Berkshire visitor's guide?

Could it be proximity to the near north side, otherwise known as "the 'hood"?

In fact, there's not one North Omaha restaurant on the list. Not even a couple of good joints in the affluent Ponca Hills area of town -- nothing, in fact, that you can reach from downtown only by traversing the 'hood.

I'm just sayin'.

Channel 7 has been promoting a story on their late edition about just this tonight. Apparently, Patricia “Big Mama” Barron is not, shall we say, pleased about her eatery's omission from the Berkshire Hathaway guide. Film at 10.

IF ALL THIS turns out to be what my gut tells me it is, you have to wonder about some things.

When I was growing up in the Deep South decades ago, I remember how everybody spent inordinate amounts of time obsessing about "those people." Black people. The N-words.


Obsessing about what they were doing, what they might do to us white folk, and whether they were interested in somebody's white daughter. The rest of the time, white folks obsessed on the best means of maintaining the status quo, which meant keeping the black man -- and the black woman -- down.

But this is a different place more than four decades down the American timeline. We've got more minorities to consider and, besides, the whole George Wallace act is so passé.

Still, it looks pretty segregated to me in Omaha, by God, Nebraska. Very polite, very nice, very civilized . . . and very separate.

And very unequal.

You have to wonder. Wonder what's worse, the Southern obsessions of my youth, or the genteel, upper-class racism of not having to --
or even feeling the need to -- take notice of some people at all.