tyb
Warren Buffett charity lunch fetches record $4.57 million winning bid
(Reuters) - An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc.
The winning bid, which was submitted during a five-day online auction on eBay that ended Friday night, was nearly one-third higher than the previous record $3,456,789 bids in both the 2012 and 2016 auctions.
Proceeds benefit the Glide Foundation, a charity in San Francisco’s Tenderloin district that serves the poor, homeless or those battling substance abuse.
Buffett, 88, has raised about $34.2 million for Glide in 20 annual auctions, which began in 2000 and moved to eBay in 2003. His first wife Susan, who died in 2004, introduced him to Glide after volunteering for the charity.
“Mr. Buffett is thrilled. We just spoke with him,” Glide President Karen Hanrahan told Reuters after the auction ended. “Mr. Buffett is committed to continuing the auction as long as he’s able. He has been a thought partner in thinking through Glide’s future, and how to set it up for the next 50 years.”
The winning bidder and up to seven friends can dine at the Smith & Wollensky steakhouse in Manhattan with Buffett, who says he will discuss anything apart from his next investments.
This year’s auction drew 18 bids from five bidders.
The top bid would also be enough to buy 15 Class A or 23,137 Class B shares of Omaha, Nebraska-based Berkshire, whose more than 90 businesses include auto insurer Geico and BNSF railroad.
Past auction winners have included hedge fund manager David Einhorn of Greenlight Capital in 2003, and Ted Weschler, now one of Buffett’s portfolio managers at Berkshire, in 2010 and 2011.
Glide’s budget goes toward providing roughly 2,000 free meals a day, shelter, HIV and Hepatitis C tests, job training, and children’s daycare and after-school programs.
“What it means to us as an organization: It’s huge,” Hanrahan said, referring to the auction. “It’s going to help many many thousands of people in this city.”
According to Glide, these bidders have won its auctions:
2000: Pete Budlong, $25,000
2001: Jim Halperin and Scott Tilson, $20,000
2002: Jim Halperin and Scott Tilson, $25,000
2003: David Einhorn, Greenlight Capital, $250,100
2004: Jason Choo, Singapore, $202,100
2005: Anonymous, $351,100
2006: Yongping Duan, California, $620,100
2007: Mohnish Pabrai, Guy Spier, Harina Kapoor, $650,100
2008: Zhao Danyang, Pure Heart Asset Management, China, $2,110,100
2009: Courtenay Wolfe, Salida Capital, Canada, $1,680,300
2010: Ted Weschler, $2,626,311
2011: Ted Weschler, $2,626,411
2012: Anonymous, $3,456,789
2013: Anonymous, $1,000,100
2014: Andy Chua, Singapore, $2,166,766
2015: Zhu Ye, Dalian Zeus Entertainment Co, China, $2,345,678
2016: Anonymous, $3,456,789
2017: Anonymous, $2,679,001
2018: Anonymous, $3,300,100
2019: Anonymous, $4,567,888
https://www.reuters.com/article/us-buffett-lunch/warren-buffett-charity-lunch-fetches-record-4-57-million-winning-bid-idUSKCN1T238Y
>2010: Ted Weschler, $2,626,311
>2011: Ted Weschler, $2,626,411
>Hmmm…
he bought his way into berkshire, a few of those other ones did themselves big favors. Einhorn to other name of note.
Paul Allen’s space firm closing operations
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Paul Allen’s space firm closing operations
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Reuters file photo
The world’s largest airplane, built by the late Paul Allen’s company Stratolaunch Systems, takes off on its first test flight in Mojave, Calif., on April 13.
9:18 pm, June 01, 2019
Reuters SEATTLE/ORLANDO, Fla. (Reuters) — Stratolaunch Systems Corp., the space company founded by late billionaire and Microsoft Corp. co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a new “space race,” four people familiar with the matter said on Friday.
The company, a unit of Allen’s privately held investment vehicle Vulcan Inc., had been developing a portfolio of launch vehicles including the world’s largest airplane by wingspan to launch satellites and eventually humans into space.
Allen, who founded Seattle-based Stratolaunch in 2011, died at age 65 in October.
Vulcan has been exploring a possible sale of Stratolaunch’s assets and intellectual property, according to one of the four sources and also a fifth person.
A representative of Stratolaunch Systems initially said the company did not “have any news or announcements to share at this time.” Later, she said by phone: “Stratolaunch remains operational” while declining further comment.
Efforts to reach Vulcan Inc. for comment were not successful.
The four persons familiar with the matter all spoke on condition of anonymity, as did the fifth source, citing the confidential nature of the matter.
A spokesman for Northrop Grumman Corp., which owns Scaled Composites, the main contractor for Stratolaunch’s carrier plane, declined to discuss the company’s operations. Stratolaunch aimed to launch Northrop’s small-payload Pegasus from Stratolaunch’s carrier plane in 2020.
Allen’s Stratolaunch had been compared to billionaire Richard Branson’s Virgin Galactic — which is developing a similar high-altitude launch system — Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX. They all seek to cash in on growing demand for satellite launch services and, eventually, space travel, a market long dominated by industry stalwarts such as United Launch Alliance — a partnership between Boeing Co. and Lockheed Martin Corp.
The centerpiece of Stratolaunch’s strategy was its carbon-composite carrier plane, with a 117-meter wingspan and powered by six engines. The plane flew for the first time in April.
In August 2018, Stratolaunch said a planned medium-lift rocket would fly as early as 2022 and said it was in the early stages of developing a variant with a larger payload capacity.
http://the-japan-news.com/news/article/0005781750
try this one. moar seasonal.
nice try seal faggot. You were supposed to come to my house the first time you tried this bullshit.
Still waiting………
weekends are fun for me. If you put that original one in during the week I must have missed it
Busy during week. Someone gotta fuck with wall street right?
o7
thank you anon. have #2 and #4, somewhere..
my location is also pretty damn strategic IYKWIM.
reason always have high post counts. spend lots of time fucking with our guests-toilet boi a favorite one of mine, freddy etc…all feel the 24-inch pythons…
kek