How Warren Buffett Built His Empire – Forbes 1990 – Part Three: Salomon Brothers, Champion, USAir, Gillette and Coca-Cola

Continued from part two. The March 19, 1990, issue of Forbes details some of Buffett’s most famous and lucrative deals. Deals with Salomon Brothers, Champion, USAir, Gillette, and Coca-Cola, which built the foundations for the Berkshire we know today. [buffett] Warren Buffett: Salomon Brothers Starting with Buffett’s deal with John Gutfreund, chairman of Salomon Brothers in September 1987. Salomon sold Berkshire a new Salomon Brothers preferred stock issue, in the amount of $700 million with a yield of 9%, convertible after three years into Salomon common stock at a premium of only 2.7% to the market price at a time…