Deals
Buffett Protege Turns to Job Cuts to Revive Berkshire Units
- Cool oversees four units that had fewer workers at end of 2015
- Three of them `significantly' increased earnings, company says
The Best Warren Buffett Quotes From Shareholder Letters
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Tracy Britt Cool earned Warren Buffett’s trust overseeing a constellation of smaller units at his conglomerate, Berkshire Hathaway Inc.
The billionaire’s annual report gives a glimpse into one thing she’s been doing: cutting jobs. All four of the subsidiaries under Cool’s supervision -- either as chairman or chief executive officer -- reduced staffing in 2015. The biggest decline on a percentage basis was at Pampered Chef, a kitchenware retailer that she began running as CEO in late 2014.