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Search resuls for: "Karen Goracke"


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Karen Goracke is the CEO of the jewelry store Borsheims, a Berkshire Hathaway subsidiary. Goracke worked her way up from the store room, and Warren Buffett interviewed her for CEO. AdvertisementThis as-told-to essay is based on a transcribed conversation with Karen Goracke, CEO and President of Borsheims, about her career and working with Warren Buffett. I started working as a sales associate for Borsheims, a jewelry store in Omaha, in 1988 straight out of college. She had no idea Warren Buffett was standing next to her.
Persons: Karen Goracke, Goracke, Warren Buffett, Buffett, , Warren Buffett's Berkshire Hathaway, Borsheims, Berkshire Hathaway, I'd, Warren Buffet, We're, I'm, Warren, It's, That's, I've Organizations: Berkshire Hathaway, Service, Borsheims, Las, Berkshire Locations: Omaha, Berkshire, Nebraska, Switzerland , New York, Las Vegas
Warren Buffett's Berkshire Hathaway faces inflation, higher interest rates, and tighter credit. Its subsidiaries are also seeing signs that their customers, suppliers, and partners are being pinched by higher prices, steeper interest rates on their debts, and perhaps even reduced access to credit. "You just kind of have to take it," Egan said about some of the higher costs. Moreover, longstanding suppliers who refrained from passing on their higher costs to See's in 2021 have been forced to charge it more. The fast-food chain's franchisees face much higher costs for equipment, building materials, and construction work than they did a few years ago.
Warren Buffett's Berkshire Hathaway has owned Borsheims, an Omaha jeweler, since 1989. Warren Buffett's Berkshire Hathaway acquired Borsheims, a single jewelry store in the investor's hometown of Omaha, in 1989. "What works with diapers works with diamonds," Buffett once quipped, comparing Borsheims' high-volume, low-cost model to Walmart's. Insider spoke to Borsheims CEO Karen Goracke on the store floor during Berkshire's annual-meeting weekend in April 2022. "That's the greatest thing about jewelry," Goracke said.
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