ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! This is Daniel de Visé with your Daily Money! |
A whopping 96% of professional services companies plan to dole out year-end bonuses, Paul Davidson reports, up from 77% in 2021 and 57% last year, according to a survey of about 1,700 financial, information technology, marketing and other white-collar companies this month by staffing firm Robert Half. Bonuses typically average 1% to 10% of an employee's salary. | Berkshire Hathaway Vice Chairman Charlie Munger answers a question in Omaha, Neb., Monday, May 2, 2016, during an interview with Liz Claman on the Fox Business Network. The annual Berkshire Hathaway shareholders meeting took place over the weekend in Omaha with over 40,000 in attendance. John Peterson, AP |
Berkshire Hathaway investing genius Charlie Munger dies at 99 |
Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99. Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital. |
Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades. Munger preferred to stay in the background and let Buffett be the face of Berkshire, and he often downplayed his contributions to the company's remarkable success. But Buffett always credited Munger with pushing him beyond his early value investing strategies to buy great businesses. |
"Charlie has taught me a lot about valuing businesses and about human nature," Buffett said in 2008. |
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