Re:Buffett to invest $3B in GE
by maximilian on Wednesday October 01, 2008 @09:16PM
(#321300)
He also gets a 10% dividend on his (preferred) stock. I'm pretty sure that you only get that dividend if the company turns a profit, but thats pretty fucking good. Not only that, but after 3 years they can buy it back for a 10% premium. So, if they do well profit wise and buy back their stock, he will have $3B*(1.40)= $4.2 Billion. Not bad.
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