Posted in Uncategorized, tagged Arthur Levitt, blackstone, Buffett, Burlington Northern, Clean Energy, Cravath, Cylvia Hayes, David Bonderman, Fiduciary, Gordon Sondland, Governor, hedge funds, Heinz, Henry Kravis, John Kitzhaber, John White, Kate Brown, Katy Durant, kkr, Law firms, Mary Jo White, Mary Jo White's husband, Nebraska, Nigel Jaquiss, OIC, Oregon, oregon investment council, Pacific Power, Pensions, PERS, Portland, Precision Castparts, Private Equity, Resident, sec, Stephen Schwarzman, Stoel Rives, Taft, tax fraud, taxes, tpg, Warren Buffett, Washington, Willamette Week on November 18, 2015|
Warren Buffett has announced his largest buyout in history, the $38 billion takeover of Portland, Oregon based Precision Castparts. This is almost twice the size of the Heinz takeover, one of his largest prior takeovers.
Heinz and other Buffett enterprises, including Burlington Northern and Pacific Power, are having a strong negative impact on the Oregon economy.
This includes potato farmers in Eastern Oregon who had a win/win long term relationship with Heinz cancelled, and local communities battling to prevent oil and coal from being shipped by rail thru their communities without adequate safety guidelines.
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