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- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
- Senate Republicans Release Plan to Replace Obamacare - The Details
- Berkshire Hathaway Throws $1.5Bn Lifeline to Canada's Home Capital
- Inside Nomura: Day in the Life of a Junior Banker
- Inside Travis Kalanick’s Resignation as Uber’s C.E.O.
- Creative Planning, KS Investment Firm, Spurring Change on Wall Street
- SEC Obtains Judgment Against Attorney Who Defrauded Escrow Clients
- SEC Files Fraud Charges Against Stock Promoters in Market Manipulation Scheme
- Power Lunches and Dinners in New York, London, Washington
- Banks to Cut $1.2Bn in Research Spending, Analyst Jobs - McKinsey
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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.