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2025-01-12
Warren Buffett, the legendary US investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death. Buffett, 94, plans to donate 99.5 per cent of his remaining wealth, valued on Friday at $US149.7 billion ($A229.5 billion) according to Forbes magazine, to a charitable trust overseen by his daughter and two sons when he dies. In a letter to Berkshire shareholders on Monday, Buffett said three potential successor trustees have been designated if his daughter Susie, 71, and sons Howard, 69, and Peter, 66, cannot serve. He said each is somewhat younger than his children, well known to them and “makes sense” to all of them. “I’ve never wished to create a dynasty or pursue any plan that extended beyond the children,” Buffett wrote. “But these successors are on the wait list. I hope Susie, Howie and Peter themselves disburse all of my assets.” Buffett also said he is donating another $US1.14 billion of Berkshire stock to four family foundations. That boosts his giving to more than $US58 billion since 2006, when Buffett pledged most of his fortune to the foundations and to the Bill & Melinda Gates Foundation, which has received more than $US43 billion. He has donated 56.6 per cent of his Berkshire shares. Buffett has led Omaha, Nebraska-based Berkshire since 1965. He still owns 14.4 per cent of its stock and plans to continue donating shares to the five foundations during his lifetime. After his death, his children will have about 10 years to give away his remaining wealth, and must decide unanimously which philanthropic purposes it should serve. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for Buffett’s first wife, and the Sherwood Foundation, which supports Nebraska non-profits and early childhood education. Howard Buffett heads the Howard G Buffett Foundation, which works to address global hunger, combat human trafficking and mitigate conflicts. Peter Buffett leads the NoVo Foundation, which has initiatives focused on marginalised girls and women as well as indigenous communities. Berkshire is a $US1 trillion conglomerate, owning businesses such as the BNSF railway and Geico car insurance, and stocks such as Apple and American Express. In his letter, Buffett acknowledged his advancing age but signalled no intention to step aside. “Father time always wins,” he said. “To date, I’ve been very lucky but – before long – he will get around to me.”Whole House Intelligent System Market Analysis By Top Keyplayers - APPLE, Sichuan Changhong Electric, Zhejiang Dahua Technology, Midea Group, Iflytek, TCL Technology Group, Haier Smart Home, Hangzhou Hikvision Digital Technology, Tuya, Xiaomi, Beijing Xiapanalo.999



Quebec fiscal update brings $2.1B in new spending, axes tax credit for older workers

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Courtland Sutton's surge is helping rookie Bo Nix and the Denver Broncos make a playoff pushNEW YORK — Greg Gumbel, a longtime CBS sportscaster, has died from cancer, according to a statement from family released by CBS on Friday. He was 78. ''He leaves behind a legacy of love, inspiration and dedication to over 50 extraordinary years in the sports broadcast industry; and his iconic voice will never be forgotten,'' his wife Marcy Gumbel and daughter Michelle Gumbel said in a statement. In March, Gumbel missed his first NCAA Tournament since 1997 due to what he said at the time were family health issues. Gumbel was the studio host for CBS since returning to the network from NBC in 1998. Gumbel signed an extension with CBS last year that allowed him to continue hosting college basketball while stepping back from NFL announcing duties. In 2001, he announced Super Bowl XXXV for CBS, becoming the first Black announcer in the U.S. to call play-by-play of a major sports championship. David Berson, president and CEO of CBS Sports, described Gumbel as breaking barriers and setting standards for others during his years as a voice for fans in sports, including in the NFL and March Madness. ''A tremendous broadcaster and gifted storyteller, Greg led one of the most remarkable and groundbreaking sports broadcasting careers of all time," said Berson. Gumbel had two stints at CBS, leaving the network for NBC when it lost football in 1994 and returning when it regained the contract in 1998. He hosted CBS' coverage of the 1992 and 1994 Winter Olympics and called Major League Baseball games during its four-year run broadcasting the national pastime. In 1995, he hosted the World Figure Skating Championships and the following year hosted NBC's daytime coverage of the Olympic Summer Games in Atlanta. But it was football and basketball where he was best known and made his biggest impact. Gumbel hosted CBS' NFL studio show, ''The NFL Today'' from 1990 to 1993 and again in 2004. He also called NFL games as the network's lead play-by-play announcer from 1998 to 2003, including Super Bowl XXXV and XXXVIII. He returned to the NFL booth in 2005, leaving that role after the 2022 season. He won local Emmy Awards during his long career and was the recipient of the 2007 Pat Summerall Award for excellence in sports broadcasting. Outside of his career as a sportscaster, Gumbel was affiliated with the March of Dimes for three decades, including as a member of its board of trustees. He also was a member of the Sports Council for St Jude's Children's Research Hospital for 16 years.

Grant of Restricted Stock Units and Warrants to Employees in GenmabFBR to depute officials at all sugar mills

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