Buffett: “I Failed You” With NetJets
Berkshire Hathaway Chairman Warren Buffett told shareholders in his annual letter Feb. 27 that NetJets lost a “staggering” $711 million in 2009. He also admitted the fractional aircraft provider’s debt soared to $1.9 billion from $102 million when Berkshire Hathaway acquired it 11 years earlier....
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