
2013-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Report Was Totally Wrong. That'll Teach Them
The design of the deal is such that if we do quite well over time at Heinz that therefore $1.1 billion will achieve higher rates of return than our overall $12 billion. We created, they wanted more leverage and we provided that leverage on what they regard as fair terms. Charlie? Well, as you said, the report was totally wrong. That'll teach them. Okay, we have Cliff Galant from Nomura who will ask insurance-related questions for this meeting. Thank you.
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