Talk:Kiewit Corporation
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I just learned of this company now and think this article can benefit from this post. [1]. Very interesting way of running business. It avoid all the externalities involved wih dealing with speculators.
What I find odd though is, it seem Warren Buffett don't like them. This is very inconsistent with his contempt of speculators and I can only conclude it has to do with the fact he has no way of buying into the company. Or is he an owner and I just happened to miss it?
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Where is your source for saying Buffet doesn't like them? The only quote I've ever seen is that he calls the company "a true meritocracy." To me that sounds like a compliment. Not to mention he rents out a floor of Kiewit Plaza for his own offices. He can certainly afford his own building if he didn't want to be near Kiewit. Vorenus 13:20, 12 September 2006 (UTC)
In 1979 when Peter Kiewit died, the net worth of the company was $400 million. And it had accumulated the same amount in cash and cash equivalets on its balance sheet. His will provided that the company purchase his entire 99% interest in the company stock from his estate. The other 1% was owned by company executives. Using this devise, his family was kept out of the business but received Peter's entire fortune in cash, while full control (and all future profit) was transferred to the employees who owned the remaining outstanding stock. Another example of excellent management.