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Berkshire Hathaway's aggressive acquisitions may lead to large profits, but the employees of its subsidiaries are routinely subjected to major downsizing plans in the quest for ever-larger profits. Employees of World Book, for example, report that the staff there has been decreased by more than 80 percent in a recent one and a half month period. As a result, employee morale at many BH companies has "plummeted." Those who do stay receive "acceptable salaries" but "paltry benefits," according to one See's Candies employee. In addition, some World Bank female employees allege that they have b......
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Employer Type: Public Company
Stock Symbol: BRK
Stock Exchange: NYSE
Chairman and CEO: Warren E. Buffett
2003 Employees: 172,700
2003 Revenue ($ mil.):
64,288
2003
Income ($ mil.):
8,151
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Association with one of the true investment wizards of the age
Profit sharing
Tuition reimbursement
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Aggressive downsizing at acquired companies
Low job security
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Berkshire Hathaway
