November 13, 1997
Corporate Giving, the Buffett Way
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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