> When Warren Buffet bought Berkshire Hathaway in 1962, he rapidly turned it from a failing textile company into a monster.
It's not like he improved their textile business. He took the name as a shell for his investment activities.
> Not private equity exactly, but he personally bought up 51% of the shares.
That's the opposite of the "without the pressure of public markets" situation though. He was doing quarterly reporting and answerable to shareholders (in some ways more answerable than a CEO who doesn't own the majority of shares - there are specific protections for minority shareholders).
Re:SUSE to Go Private
by plorkyeran on Thursday August 17, 2023 @09:28PM
(#37170471)
Buffet bought Berkshire Hathaway entirely out of spite and has said that it was the worst investment he's ever made. The textile company continued to do poorly under his ownership, and shut down nearly 40 years ago.
Not private equity exactly, but he personally bought up 51% of the shares.