Speaking of Warren Buffet , what do you all think of this?

bee · #1 (**permalink**) 06-26-2006, 03:35 PM

I saw this episode on Oprah awhile back when they interviewed Warren Buffets granddaughter.......what do you all think about this? Just curious as I feel that he could have done a bit more for his family.

http://www.oprah.com/tows/slide/2006..._350_111.jhtml

34saving · #2 (**permalink**) 06-26-2006, 04:38 PM

I remember seeing the episode a while ago. She seemed well adjusted and more "normal" than a lot of super rich kids. (Not much at all like Paris Hilton.) He did pay for the education of all of his grandkids. I respect his decision to spread the wealth through charity instead of keeping it all in the family.

bee · #3 (**permalink**) 06-26-2006, 04:55 PM

Quote:

Originally Posted by 34saving

I remember seeing the episode a while ago. She seemed well adjusted and more "normal" than a lot of super rich kids. (Not much at all like Paris Hilton.) He did pay for the education of all of his grandkids. I respect his decision to spread the wealth through charity instead of keeping it all in the family.

I remember she had mentioned on Oprah about wanting to go on a trip, I can't remember if it was with her school or if it was with a friend but he would not give her the money to go......something about it wouldn't be fair to the kids who didn't have the money/couldn't go if he were to pay for her.

I think it is great his dicision to spread the wealth through charity just thought he could help his family a bit more but then again I really don't know much about his family life , only what I saw on Oprah and bits that I have been hearing lately.

I don't really know very much on the Johnson family either but Jamie Johnson seemed to turn out ok (only saw him on Oprah once, same episode as Warren Buffets granddaughter and I can't really go by that but he seemed ok)

#4 (**permalink**) 06-26-2006, 05:40 PM

I know his son worked for Berkshire Hathaway, in a fairly important position, I believe, and I am sure most family members have shares of that company

lillyb · #5 (**permalink**) 06-27-2006, 06:50 AM

I saw that episode, and thought it was commendable that the children didn't just expect mucho dinero. Making your own way, I like it.

CRFSaver · #6 (**permalink**) 06-27-2006, 12:44 PM

I love Warren Buffet but he can be a tad of a hypocrite sometimes. Mind you all three kids run a foundation in their name (3 kids, 3 foundations). How much you want to bet they get a salary as well to run it?

boomeyers · #7 (**permalink**) 06-27-2006, 07:37 PM

I agree, he is a fascinating man. I figure he made his money, he can spend it any way he wants. If he gives it all to Bill Gates, he can probably turn around and remake it!!
I agree, if she had wanted to go on a trip, why would she go to grandpa and not mom and dad?

VJW · #8 (**permalink**) 06-28-2006, 03:11 AM

Quote:

Originally Posted by CRFSaver

I love Warren Buffet but he can be a tad of a hypocrite sometimes. Mind you all three kids run a foundation in their name (3 kids, 3 foundations). How much you want to bet they get a salary as well to run it?

Not to mention, Buffett is leaving each of those three foundations slightly more than $1 BILLION each.

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Broken Arrow · #9 (**permalink**) 06-28-2006, 03:48 AM

I'm not sure if that makes him a hypocrite or not. Setting up charitable foundations is one way to evade *cough* er I mean save on taxes.

I hear that he actually pays less on taxes than his secretary.

VJW · #10 (**permalink**) 06-28-2006, 10:33 AM

You heard that from Buffett himself. He was complaining that the recent years multiple rounds of tax cuts for the Rich & Corporate had him paying less taxes than his own secretary.

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