Winter 2009

In Brief

MBAs Meet Oracle of Omaha


People would work just as hard if there was an increase in taxes, renowned investor Warren Buffett told more than a dozen Haas School students during their visit Nov. 21 to Omaha, Neb.

“In a survey of his company, the average employee paid 32 percent in income taxes, while Mr. Buffett paid 17 percent in taxes last year,” Diana Lai, MBA 09, wrote in a blog about the event. “He said that this was unfair.”

Lai was one of 27 Berkeley MBA students who participated in a comprehensive two-hour question-and-answer session with Buffett, chairman and CEO of Berkshire Hathaway, at his office, followed by lunch at a local restaurant. The visit included six business schools from across the country and was broadcast Dec. 4 in a Fox Business Channel special called “Warren U.”

To thank Buffett, the Haas Finance Club presented him with a silver “Rescue Bucket” engraved with the Haas logo to symbolize his investments that have helped companies during the current financial crisis.

This was the second year in a row that Berkeley MBA students have met Buffett, who hosts similar events seven times a year.

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Chan and Buffett


Zach Chan, MBA 10, thanks Warren Buffett for meeting with Berkeley MBA students.