Buffett Wants In On the Action

by Derek Loosvelt | September 23, 2008

Thanks, Warren.

What was turning out to be a relative yawner of a day on the financial front—no bankruptcies, mergers, layoffs, status switches, Fed bailouts or Congressional decisions—just got interesting, as the investing guru from Nebraska, Mr. Buffett himself, has apparently taken a stake in Goldman Sachs to the tune of $5 billion in preferred shares.

I’m sure the folks at Goldman (who plan to raise $2.5 billion more in preferred stock) are thankful too—their GS stock is booming in after-hours trading, up 16 percent.

Filed Under: Finance


Perpetual Job Search What it all means for you

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers