November 13, 1997

Corporate Giving, the Buffett Way

By JENNIFER MOORE and GRANT WILLIAMS

Billionaire financier's approach, in which shareholders pick charities, is the model for proposed legislation

Warren E. Buffett, the Omaha billionaire, has long been a role model for anybody who wants to build a successful investment strategy. But now Congress is eyeing him as a model for the nation's corporate grant makers -- and is considering whether to force all public companies to follow his lead.

For the past 16 years, Mr. Buffett has given shareholders in his Berkshire

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