RE:RE:RE:RE:RE:Sector on fire today!Oldnagger wrote: Interesting background but rather different from my recollections regarding the 2013 sale of Heinz to Berkshire Hathway. Could there have been a control issue. As I recall , his wife either needed to divest or put it in a blind trust ?? Anything further would be quite enlightening .
Health may have been a big factor in leading to the change - starting in 2009 or earlier:
Health
In December 2009, Heinz revealed that she was being treated for breast cancer.[11] Heinz indicated that she had undergone several lumpectomies and would be following up with a targeted type of radiation therapy treatment called accelerated partial breast irradiation (APBI).[12][13]
On July 7, 2013, Heinz was taken by ambulance to Nantucket Cottage Hospital after showing symptoms consistent with a seizure. She was described as being in "critical but stable" condition. Heinz was then flown to Massachusetts General Hospital for further medical treatment and tests. Her condition was upgraded to fair the next day,[14][15] and doctors were able to rule out a heart attack, brain tumor, stroke, and other triggers.[16] On July 11, she was transferred to Spaulding Rehabilitation Hospital to continue her recovery.[17] Heinz was released on July 17, 2013, from Spaulding Rehabilitation Hospital in Boston. She recovered at home after some limited out-patient treatment.[18]
Also:
Wealth: Heinz and Kerry signed a prenup agreement and have kept their premarital assets separate. According to her most recently released tax records, in 2003, Kerry and Heinz paid a federal income tax rate of 12 percent. In addition to an ocean-front home on Nantucket, Heinz and Kerry also own a six-floor, $7 million townhouse in Boston's Beacon Hill neighborhood. They also own a $5 million ski retreat in Idaho, a $4 million estate in Pennsylvania near their home base in Pittsburgh, and a $5 million dollar home in the Georgetown neighborhood of Washington, D.C.
A 12% tax rate - I wonder if that's the "fair share" that Biden keeps referring to.
Other than that this is quite an interesting history of the Heinz family. Personifies the fact that money does not always bring happiness. Far off-topic from VET but an interesting read during the weekend.
https://www.latimes.com/archives/la-xpm-2004-oct-27-na-teresa27-story.html