NetJets Posts ‘Staggering Loss,’ But Buffett Predicts Profitability
NetJets proved to be “the major problem for Berkshire last year,” according to Berkshire Hathaway Chairman Warren Buffett, who told shareholders in his annual letter Feb. 27 that the fractional ownership provider suffered a “staggering loss” of $711 million in 2009. While optimistic about the future...
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