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Berkshire Hathaway - 4 Haslam - 4 Jimmy Haslam - 4 Buffett - 3 — Warren - 2 Bill Haslam — - 2 Berkshire - 2 Jim Haslam — Jimmy - 2
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Berkshire OMAHA Neb United States Canada Knoxville , Tennessee Tennessee KNOXVILLE
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Search resuls for: "Jim Haslam"


4 mentions found


☆ Berkshire Hathaway Buys Remaining 20% Stake in Pilot Travel From Haslam Family for Undisclosed Sum
  + stars: | 2024-01-16 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
KNOXVILLE, Tenn. (AP) — Warren Buffett’s Berkshire Hathaway is buying the remaining 20% of the Pilot truck stop business it does not already own from the Haslam family, the two announced on Tuesday. Berkshire confirmed it now owns all of Pilot Travel Centers. The sale follows the settlement of a lawsuit earlier this month that pitted Cleveland Browns owner Jimmy Haslam against Buffett’s Berkshire over the Pilot stake's value. The 2017 agreements also gave Pilot Corp. an annual 60-day opportunity, beginning Jan. 1 this year, to sell its remaining 20% interest in PTC to Berkshire. The sale price would be calculated using PTC’s earnings in the prior year.
Persons: — Warren, Berkshire Hathaway, Haslam, Jimmy Haslam, Jim Haslam II Organizations: . Berkshire, Travel Centers, Cleveland Browns, Buffett’s Berkshire, Berkshire, PTC, Pilot Corp, Wilco Locations: KNOXVILLE, Tenn, Berkshire, Knoxville , Tennessee, U.S, Gate City , Virginia
☆ Haslam Family Refutes Allegation From Warren Buffett's Company That It Bribed Truck Stop Chain Execs
  + stars: | 2023-11-30 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +4 min
(AP) — An attorney for the billionaire Haslam family called bribery allegations leveled by Warren Buffett's company a “wild invention” Thursday. The Haslam family — which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam — accused Berkshire last month of trying to understate Pilot’s earnings this year by changing its accounting practices. A senior executive who had been promised a bonus revealed that to the current Pilot CEO, according to Berkshire. Haslam’s side promises have forced the company to investigate and interrogate many of the key employees it relies on today to operate the company,” Lavoie said. In addition to Pilot, Berkshire owns an eclectic assortment of other businesses including Geico insurance, BNSF railroad and several major utilities along with a number of smaller manufacturing and retail businesses.
Persons: Haslam, Warren Buffett's, Berkshire Hathaway, Jimmy Haslam, Bill Haslam —, ”, Anitha Reddy, Craig Lavoie, Berkshire, Jim Haslam — Jimmy, Bill Haslam’s, —, Lavoie, it's, Mr, Haslam’s, ” Lavoie, Buffett Organizations: Berkshire, Cleveland Browns, BNSF, Apple, American Express, Bank of America Locations: OMAHA, Neb, Berkshire, Tennessee, United States, Canada
☆ Buffett's Berkshire Hathaway Says Haslams Offered Bribes to Inflate Pilot Truck Stops Earnings
  + stars: | 2023-11-29 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +4 min
The Haslams' lawyers and a representative for the family didn't immediately respond to requests for comment. A senior executive who had been promised a bonus revealed that to the current Pilot CEO, who Berkshire appointed after it took over, according to the filing. Berkshire initially bought 38.6% of Pilot back then for $2.758 billion before more than doubling that to 80% this year for an additional $8.2 billion. Pilot is the nation’s largest network of truck stops with more than 850 locations and roughly 30,000 employees in the United States and Canada. Berkshire said it's impossible to calculate how much Pilot's profits may have been inflated this year because of decisions executives who were promised bonuses made.
Persons: — Warren, Berkshire Hathaway, Haslam, Jimmy Haslam, Bill Haslam —, Berkshire, Jim Haslam — Jimmy, Bill Haslam's, —, Buffett Organizations: Cleveland Browns, Berkshire, BNSF, Apple, American Express, Bank of America Locations: OMAHA, Neb, Berkshire, Tennessee, Knoxville , Tennessee, United States, Canada
☆ Haslams Say Warren Buffett's Berkshire Wants to Take Money Out of Their Pockets in Truck Stop Deal
  + stars: | 2023-10-27 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
Berkshire changed the accounting practices at Pilot this year after it acquired control of the company. “Berkshire is intent on using the accounting change to justify grossly underpaying Pilot (the Haslam family) for its 20% interest," the lawsuit said. The Haslam family, which includes Cleveland Browns owner Jimmy Haslam and former Tennessee Gov. But the family did say Berkshire estimated its stake would be worth $3.2 billion without the accounting change. “This legal dispute is limited to a narrow issue between owners and is in no way related to the management or day-to-day operations of Pilot Company," Seabrook said.
Persons: Haslam, Warren Buffett, Berkshire Hathaway, Jim Haslam, Jimmy Haslam, Bill Haslam, Buffett, Kristin Seabrook, Seabrook, Haslams, “ Organizations: Travel Centers, Berkshire, Cleveland Browns, Tennessee Gov, Pilot Company Locations: OMAHA, Neb, Pilot, Berkshire, “ Berkshire, United States, Canada
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