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- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Lunch with Warren Buffett – And All It Cost was $2.7Mn
[Photo: Warren Buffett Dining on McDonald’s in HBO’s "Becoming Warren Buffett"]
by Howard Haykin
As he’s done for the past 17 years, Warren Buffett will have lunch with one lucky individual – winner of a 5-day eBay auction – along with up to 7 of his or her friends.
This year’s anonymous auction winner, who beat out 40 others, bid $2,679,001 for the lunch, which will be held at Smith & Wollensky, a New York steak house. Proceeds go to Glide, a nonprofit organization in San Francisco that provides a variety of services for poor and marginalized people including food - almost 800,000 meals per year - shelter and child care.
For the record, anonymous bidders offered $3,456,789 to dine with Mr. Buffett in 2012 and 2016 (the highest ever bids), while the very first auction in 2000 - a live event - had a winning bid of $25,000.