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-9.0120761820758E-05 -0.000102537400116031 0.000165221396671617 0.000410550137183908 0.000580778242845454 0.000600805078805622 0.00326437426151053 0.00188252258025765
Stock impact report

Warren Buffett's company took Kraft Heinz off its subsidiary list weeks before board exit and $5 billion writedown [Yahoo! Finance]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Yahoo! Finance
Berkshire left Kraft's board and wrote down its 27% stake by $5 billion in the second quarter. Warren Buffett's Berkshire Hathaway removed Kraft Heinz from the list of operating companies on its website earlier this year, weeks before writing down its investment in the food and beverage giant and leaving its board of directors. The famed investor 's conglomerate took Kraft off its subsidiaries page in April, Business Insider determined using the Wayback Machine, a digital archive that stores snapshots of webpages on different dates. Berkshire accounts for its roughly 27% stake in Kraft using the equity method, meaning Buffett and his colleagues recorded it at cost and periodically adjust its carrying value to reflect Berkshire's share of Kraft's profits and losses. On May 19, Berkshire's two board representatives stepped down. Berkshire also said in its second-quarter earnings that it was recording a $5 billion impairment loss on its Kraft position, cutting its carrying value Show less Read more
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