Warren Buffett
Regardless of where you stand on the parameters of abortion, the media has been very careful not to involve Buffett in the controversy, despite his huge financial contributions to one side of the issue.:
Out of the 545 stories and interviews with Buffett on ABC, CBS and NBC since 2001, the networks only mentioned his abortion funding once, and even that was only a passing reference to his wife’s support of Planned Parenthood. Not once did the networks mention how much money Buffett poured into the abortion industry. – Media Research Center
Buffett is sincere in his abortion stance:
Before Roe v. Wade, abortion was only legal in California, so Buffett sponsored the Ecumenical Fellowship – a so-called “church” that would arrange the abortions for women from other states, and plan their travel arrangements. Eventually, the Ecumenical Fellowship merged with the Los Angeles chapter of Planned Parenthood. – Live Action
Not only are newspapers he owns influenced by his politics (he supported Hillary Clinto against Barack Obama), but he may have the most influence on many of America’s leading corporations, their executives and their major shareholders.
Only a fool would like to disagree with an investor, who owns millions, even billions of dollars in their company stock.
There’s no simple way to end the power of the rich over the companies where we work and the newspapers we read – unless we tax the very rich enough to keep them just “medium” rich.
The following are Berkshire Hathaway minority holdings in companies, their stock shares owned by BH & value of Buffett investments ($100 million cutoff):
Apple | 255,300,329 | $40,271,000,000 |
Bank of America | 918,919,000 | $22,642,000,000 |
Wells Fargo and Co | 449,349,102 | $20,706,000,000 |
The Coca-Cola Company | 400,000,000 | $18,940,000,000 |
American Express | 151,610,700 | $17,777,870,682 |
The Kraft Heinz Company | 325,634,818 | $10,609,182,370 |
U.S. Bancorp | 146,346,999 | $6,688,000,000 |
JPMorgan Chase & Co. | 50,661,394 | $4,946,000,000 |
Mondelēz International | 24,669,778 | $4,659,627,669 |
Bank of New York Mellon Corp | 84,488,751 | $3,977,000,000 |
Moodys Corp | 24,669,778 | $3,455,000,000 |
Delta Air Lines, Inc. | 65,535,000 | $3,270,000,000 |
Goldman Sachs | 18,784,698 | $3,138,000,000 |
General Motors | 72,269,696 | $2,715,895,176 |
Verisign Inc | 12,952,745 | $2,509,335,289 |
Southwest Airlines Co | 47,890,899 | $2,226,000,000 |
DaVita Inc. | 38,565,570 | $2,020,064,557 |
Charter Communications, Inc. | 6,789,054 | $1,935,000,000 |
United Continental Holdings | 21,938,642 | $1,837,000,000 |
Visa Inc | 10,562,460 | $1,687,986,733 |
American Airlines | 43,700,000 | $1,483,615,000 |
Liberty Sirius XM Group Series | 31,090,985 | $1,224,984,809 |
Mastercard | 4,934,756 | $1,210,544,994 |
PNC Financial Services Group | 8,263,062 | $1,090,228,400 |
Costco Wholesale Corporation | 4,333,363 | $1,055,043,890 |
Phillips 66 | 11,895,842 | $1,020,068,452 |
Amazon | 483,300 | $904,000,000 |
Travelers Companies Inc | 5,958,391 | $845,078,596 |
Sirius XM Holdings Inc. | 137,915,729 | $787,498,813 |
Red Hat Inc. | 4,175,792 | $771,059,993 |
Synchrony Financial | 20,803,000 | $715,623,200 |
Axalta Coating Systems | 24,264,000 | $630,378,720 |
Teva Pharmaceutical Industries | 43,249,295 | $625,817,299 |
Store Capital Corp. | 18,621,674 | $617,680,927 |
Liberty Sirius XM Group Series | 14,860,360 | $582,526,112 |
Restaurant Brands Int. | 8,438,225 | $565,445,457 |
Torchmark Corporation | 6,353,727 | $553,663,771 |
Liberty Global A Class | 19,791,000 | $520,305,390 |
StoneCo Ltd. | 14,166,748 | $392,277,252 |
Suncor Energy Inc. | 10,758,000 | $347,913,720 |
Liberty Global C Class | 7,346,968 | $188,229,320 |
And these are Berkshire’s wholly owned subsidiaries