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Working Together to Build Bridges to the Future
DEC. 612, 2019 5 Working together to build bridges to the future SENATOR JOHN HEINZ HISTORY CENTER GETTY IMAGES SPONSORED BY: 2 PITTSBURGH BUSINESS TIMES THE PITTSBURGH REGION AND OUR NEXT 75 Th e next chapter in our region’s history eventy-fi ve years. Th at’s an entire improving quality of place. lifetime. We will only succeed in reaching S When you get to 75 years – so this goal if we join together and involve we’re told – you’re wiser. Your world- as many people as possible. At the Our view broadens. You understand how Next 75 Summit in June and the Allegh- things succeed and how things fail. eny Conference’s 75th Annual Meeting Over the past 75 years of regional earlier this week, packed rooms, buzz- transformation, two generations of lead- ing with the energy and enthusiasm of Jeff Broadhurst and Toni Murphy are ers have shaped the story of our region, everyone present, proved a point: we co-chairs of the Allegheny Conference and a third is taking the reins. have the ability to propel this place for- on Community Development’s Our Next Much of 2019 was devoted to listening ward to achieve its fullest potential. 75 initiative. to emerging leaders – that third genera- Such a future off ers: tion – as well as to the voices of experi- • A Strong Economy that leverages ence. From Butler to Washington … from our human and natural resources with a will give them pause – and give them Greensburg to Pittsburgh … we invit- focus on tech and innovation, a well-cal- cause – to draw inspiration from us, ed leaders from across our region to the ibrated business ecosystem and eff ective much as we do from the leaders who table to gather directly from them more marketing. -
United States Court of Appeals for the Fifth Circuit Fifth Circuit FILED April 12, 2021 No
Case: 20-30418 Document: 00515817174 Page: 1 Date Filed: 04/12/2021 United States Court of Appeals United States Court of Appeals for the Fifth Circuit Fifth Circuit FILED April 12, 2021 No. 20-30418 Lyle W. Cayce Clerk Dennis Perry, Plaintiff—Appellant, versus H. J. Heinz Company Brands, L.L.C.; Kraft Heinz Foods Company, Defendants—Appellees. Appeal from the United States District Court for the Eastern District of Louisiana USDC No. 2:19-CV-280 Before Owen, Chief Judge, and Graves and Ho, Circuit Judges. James E. Graves, Jr., Circuit Judge: Mr. Dennis Perry makes Metchup, which depending on the batch is a blend of either Walmart-brand mayonnaise and ketchup or Walmart-brand mustard and ketchup. Mr. Perry sells Metchup exclusively from the lobby of a nine-room motel adjacent to his used-car dealership in Lacombe, Louisiana. He has registered Metchup as an incontestable trademark. Though he had big plans for Metchup, sales have been slow. Since 2010, Mr. Perry has produced only 50 to 60 bottles of Metchup, which resulted in sales of around $170 and profits of around $50. He owns www.metchup.com but has never Case: 20-30418 Document: 00515817174 Page: 2 Date Filed: 04/12/2021 No. 20-30418 sold Metchup online. For better or worse, the market is not covered in Metchup. Along comes Heinz. It makes Mayochup, which is solely a blend of mayonnaise and ketchup. To promote Mayochup’s United States launch, Heinz held an online naming contest where fans proposed names. A fan submitted Metchup, and Heinz posted a mock-up bottle bearing the name Metchup on its website alongside mock-up bottles for the other proposed names. -
URA 2014-2016 Report
2014-2016 Report The Urban Redevelopment Authority is here for Pittsburgh. Washington’s Landing Pedestrian Bridge URA completed 1999 Photo: Rob Larson In the 412. In the neighborhoods. In the businesses that keep Pittsburgh strong. In the jobs that keep people thriving. Here is investment. Here is technology. Here is leadership. Over the past few years, the We danced in Allentown, sipped coffee OUR BOARD Urban Redevelopment Authority in Homewood, wrote code with children of Pittsburgh continued leading in Oakland, and shot clay hockey pucks transformative growth in at a senior housing site in Carrick. We cut neighborhoods throughout the ribbon to expand manufacturing in the City of Pittsburgh. Under the West End, hiked what will be Pittsburgh’s leadership and vision of Mayor largest park in Hays, listened to poetry in William Peduto, the URA Central Northside, and waited no longer implemented many new initiatives than one minute for a bus in East Liberty’s aimed at creating the “Next Pittsburgh,” – new transit center. These are but a small one that’s more affordable, inclusive, sustainable, handful of the activities and projects competitive, and works for all. the Urban Redevelopment Authority of The Honorable The Honorable Pittsburgh undertook in 2014-2016. Ed Gainey Jim Ferlo Affordable and mixed-income housing remains a top priority so that Pittsburgh can truly become a We have weathered 15 years of steady Vice Chair Treasurer most livable city for all residents. Long-struggling declines in Federal and State resources neighborhoods saw the financial assistance and which are ever so critical to neighborhood resources needed to strengthen and grow. -
Maybe Warren Buffett Agrees with Bill Gross on Financial Asphyxiation Article
Article SNL Blogs Monday, August 17, 2015 2:18 PM ET Maybe Warren Buffett agrees with Bill Gross on financial asphyxiation By Jeff K. Davis Jeff Davis, CFA, is a veteran bank analyst and SNL Financial contributor. The views and opinions expressed in this piece are those of the author and do not necessarily represent the views of SNL or Mercer Capital, where he is the managing director of the financial institutions group. The financial press tracks Janus Capital Group Inc.'s star fixed-income portfolio manager Bill Gross closely. His Saigon-like helicopter roof departure from Pacific Investment Management Co. LLC (PIMCO) last year has been forgotten. His accomplishments as one of the best fixed-income investors the past four decades are more important than a short, messy chapter in his life. Many have one or two anyway. As a bond manager, Gross is dour compared to equity investors, who usually ask two questions: What's the upside and what's the margin of safety if I am wrong? Plus, equity investors cheer from the rafters for actions that are detrimental to corporate bond holders: buybacks, dividend recaps, debt-financed M&A and spinoffs of profitable units. For bond investors like Gross, what is bad for equities typically is good for bonds. A weaker economy can translate into rising bond prices and declining yields. Rising prices and coupon clipping can generate great total returns, except for our age when only the lower rungs of the high-yield market offer much coupon to clip. With commodity prices in a free fall and credit spreads beginning to widen, the markets' tone has been negative lately. -
Five Alumni of H.J. Heinz Board of Directors Send Letter to Procter & Gamble Directors
FIVE ALUMNI OF H.J. HEINZ BOARD OF DIRECTORS SEND LETTER TO PROCTER & GAMBLE DIRECTORS Describe How Nelson Peltz Won Them Over as a Heinz Director After a Hard-Fought Proxy Contest Underscore Nelson Peltz’s Long-Term Focus and Contributions Made to Heinz Board September 27, 2017—Five Alumni of the H.J. Heinz Company (“Heinz”) Board of Directors today sent a letter to Directors of The Procter & Gamble Company (NYSE: PG) (“P&G”), reflecting on their positive experience working with Nelson Peltz in the Heinz boardroom. Following Heinz’s hard-fought 2006 proxy contest against Trian Fund Management, L.P. (“Trian”), the Alumni of the Heinz Board found Nelson Peltz to be a valuable, constructive and collegial director with a focus on delivering long-term value to Heinz shareholders. The five signatories of the letter are former Heinz directors Charles E. Bunch, Thomas J. Usher, Dennis Reilley, John G. Drosdick and Dean R. O’Hare – all of whom were members of the Heinz Board for the entirety of Nelson Peltz’s tenure on the Board from 2006 through 2013. Dear Procter & Gamble Directors, In 2006, Nelson Peltz joined the Board of H.J. Heinz Company following a long and hard-fought proxy contest. Like you, many of us had feared that Nelson’s presence would disrupt the effectiveness of our Board process and derail the execution of our strategy. However, just the opposite proved true. The following are some reflections on our experience with Nelson as a Heinz Director: Nelson was a valued member of the Heinz board. -
2019 SEC Form 10-K (PDF File)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14905 BERKSHIRE HATHAWAY INC. (Exact name of Registrant as specified in its charter) Delaware 47-0813844 State or other jurisdiction of (I.R.S. Employer incorporation or organization Identification No.) 3555 Farnam Street, Omaha, Nebraska 68131 (Address of principal executive office) (Zip Code) Registrant’s telephone number, including area code (402) 346-1400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbols Name of each exchange on which registered Class A Common Stock BRK.A New York Stock Exchange Class B Common Stock BRK.B New York Stock Exchange 0.750% Senior Notes due 2023 BRK23 New York Stock Exchange 1.125% Senior Notes due 2027 BRK27 New York Stock Exchange 1.625% Senior Notes due 2035 BRK35 New York Stock Exchange 0.500% Senior Notes due 2020 BRK20 New York Stock Exchange 1.300% Senior Notes due 2024 BRK24 New York Stock Exchange 2.150% Senior Notes due 2028 BRK28 New York Stock Exchange 0.250% Senior Notes due 2021 BRK21 New York Stock Exchange 0.625% Senior Notes due 2023 BRK23A New York Stock Exchange 2.375% Senior Notes due 2039 BRK39 New York Stock Exchange 2.625% Senior Notes due 2059 BRK59 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. -
5Th Annual Mcknight Basket Night/Bake-Off
5th Annual McKnight Basket Night/Bake-Off March 8, 2013 Basket Descriptions KA-Willy Wonka The World's Largest Gummy Bear (5 pounds!), $25 gift card to Target to pick your own chocolate items, The Complete Adventures of Charlie and Mr. Willy Wonka, by Ronald Dahl, Willy Wonka and the Chocolate Factory DVD, Charlie and the Chocolate Factory DVD, Purple Willy Wonka style hat, Nintendo controller power mints (novelty candy), Pacman game novelty candy, 2 Rainbow Nerds movie theater size boxes, 2 Spree movie theater size boxes, Starburst movie theater size box, Sweet tarts movie theater size box. Dots movie theater size box, 8 Giant Pixy Stix, Chewy sprees , Mini chewy sweet tarts, Sweet tarts hearts, Gobstopper hearts, 2 Nerds ropes KB-Ice Cream $25 brusters gift card, 5 boxes of cones and cups, 10 plastic ice cream bowls with spoons, Ice cream scooper, Root beer ( for floats), Milkshake straws, 2 packages so cookies and cream ice cream toppings, Smackers sundae syrup, Hershey's caramel and chocolate flavored syrup, Maraschino cherries, Hershey's shell toppings, Reese's shell topping, 7 types of sprinkles Heath toffee bits, Chocolate chips, M&M minis, Reese's pieces, Set of 4 ice cream crayons, 2 books -"The Ice Cream King" and "Nancy drew and the clue crew scream for ice cream" KC-Football Steelers sweatshirt large adult, Nerf footballs, one large and one small, Terrible towel, 80 football NFL trading cards, Steelers adult gloves, Water bottle, Steelers key ring, Ben Rothlisberger photo, Youth Steelers ball cap, Troy Polamalu figurine 6" tall, Heinz Field puzzle, 100 piece KD-Patio 8 Melamine plates, 8 Melamine bowls, Pitcher, 8 glasses, Serving bowl, chip and dip tray , 8 placemats, Table cloth, Wind chime, Party tub, Badminton set, Sm. -
Irr Pittsburgh
INTEGRA REALTY RESOURCES IRR PITTSBURGH C O M M E R C I A L R E A L E S T A T E V A L U A T I O N & C O N S U L T I N G 21 years serving Western Pennsylvania market IRR®— INTEGRA REALTY RESOURCES— provides world-class commercial real estate valuation and counseling services to both local and national top financial institutions, developers, corporations, law firms, and government agencies. As one of the largest independent property valuation and counseling firms in the United States, we provide our diverse array of clients the highly informed opinions and trusted expert advice needed to understand the value, use and feasibility of their real estate. IRR. Local expertise. Nationally. 800+ appraisals completed annually 2 INTEGRA REALTY RESOURCES RECENT APPRAISAL ASSIGNMENTS OF NOTABLE AND VARIED ASSETS Office • U.S. Steel Tower, Pittsburgh, PA • Cherrington Corporate Center, Pittsburgh, PA • Foster Plaza Office Center, Pittsburgh, PA • William Penn Plaza, Monroeville, PA • Copperleaf Corporate Center, Wexford, PA • PNC Firstside, Pittsburgh, PA Industrial • Ardex, Aliquippa, PA • Dairy Farmers of America, Sharpsville, PA • Siemens Hunt Valley, Lower Burrell, PA • Universal Well Services, Connellsville, PA • Commonwealth I & II, Wexford, PA • Hunter Trucks, Pittsburgh, PA Multifamily • The Kenmawr Apartments, Pittsburgh, PA • Waterford at Nevillewood, Presto, PA • Cathedral Mansions, Pittsburgh, PA • Vulcan Village, California, PA • Lincoln Pointe Apartments, Bethel Park, PA • Ventana Hills Apartments, Coraopolis, PA Hospitality • Omni William -
Warren Buffett Trip
Warren Buffett Trip Omaha, Nebraska January 2018 Letter from Smart Woman Securities National Meeting with Warren Buffett on January 12th was an honor and a privilege that SWS members will treasure for a lifetime! During the 2 ½ hour Q&A session, we intently listened to Mr. Buffett as he educated us on business, provided advice on rela- tionships and shared meaningful and humorous insights on life and success. He is often referred to as the “Sage of Omaha”, a title earned for being the world’s greatest investor. The definition of a sage is someone characterized by wisdom, prudence and good judgement and Mr. Buffett truly embodies each of these qualities. But the depth of his tremendousness goes far beyond his financial acumen. And because of his generosity with his time, we were able to see and hear for ourselves just how wonderful a person he is. His brilliance, humility, kindness and optimism were evident and inspiring. Our rigorous preparation requirements included readings from The Intelligent Investor, The Making of an American Capital- ist, watching video interviews, dissecting the Annual Shareholder newsletter, and participating in weekly discussion groups. By thoroughly researching companies and studying biographies of the executives that we were meeting, it allowed the students to take full advantage of the opportunity of asking thoughtful questions beyond what anyone could easily access on the internet. All agreed that the preparation allowed them to derive the maximum benefit from the trip. That afternoon was followed by an exclusive dinner at Mr. Buffett’s favorite steakhouse, Gorat’s with our members and SWS Co- founders, Tracy Britt Cool and Teresa Hsiao. -
Mutuality and the Difference It Makes for Dollar Bank Customers. Board Of
Mutuality and the Difference it Makes for Board of Directors Dollar Bank Customers. Esther L. Barazzone, Ph.D. President Emerita Dollar Bank is the largest independent mutual bank in the nation.* Chatham University Many people do not know what being a mutual bank means or why that could be meaningful for them. Raymond T. Betler President & CEO Dollar Bank is not owned by stockholders. We manage this Wabtec Corporation institution to develop long-term relationships with our depositors and loan customers. We do not manage our daily activities for Robert E. Blackham, Atty. quarterly dividends paid to stockholders. Partner, Firm President/Chairman Roetzel & Andress As a bank, we believe that underwriting formulas are not the best Cleveland, OH way to understand a customer’s business. Through thoughtful interaction, we strive to learn the uniqueness of each of the customers Audrey Dunning we serve. That is how we develop long-term relationships and CEO we do it because it is what’s best for our customers. Dollar Bank Summa Representatives don’t work on commission. Therefore, they don’t try to sell services and products that customers don’t need or want. Kim Tillotson Fleming Chairman & CEO We recognize that our strength and stability corresponds directly Hefren-Tillotson, Inc. with the strength and stability of our customers. Depositors, Thomas A. Kobus borrowers, business owners… we are in this together and that is EVP/ CFO & Treasurer probably not something you’ve heard from your banker before. Dollar Bank, FSB In fact, money raised through our depositors is reinvested locally in the communities we serve. -
2019 State of Downtown Pittsburgh
20 STATE OF DOWNTOWN PITTSBURGH19 TABLE OF CONTENTS For the past eight years, the Pittsburgh Downtown Partnership has been pleased to produce the State of Downtown Pittsburgh Report. This annual compilation and data analysis allows us to benchmark our progress, both year over year and in comparison to peer cities. In this year’s report, several significant trends came to light helping us identify unmet needs and better understand opportunities for developing programs and initiatives in direct response to those challenges. Although improvements to the built environment are evident in nearly every corridor of the Golden Triangle, significant resources are also being channeled into office property interiors to meet the demands of 21st century companies and attract a talented workforce to Pittsburgh’s urban core. More than $300M has been invested in Downtown’s commercial office stock over the 4 ACCOLADES AND BY THE NUMBERS last five years – a successful strategy drawing new tenants to Downtown and ensuring that our iconic buildings will continue to accommodate expanding businesses and emerging start-ups. OFFICE, EMPLOYMENT AND EDUCATION Downtown experienced a 31% growth in residential population over the last ten years, a trend that will continue with the opening 6 of hundreds of new units over the next couple of years. Businesses, from small boutiques to Fortune 500 companies, continued to invest in the Golden Triangle in 2018 while Downtown welcomed a record number of visitors and new residents. HOUSING AND POPULATION 12 Development in Downtown is evolving and all of these investments combine to drive the economic vitality of the city, making Downtown’s thriving renaissance even more robust. -
The Pittsburgh Promise 2020 Report to the Community the Pittsburgh Promise 2020 Report to the Community
THE PITTSBURGH PROMISE 2020 REPORT TO THE COMMUNITY THE PITTSBURGH PROMISE 2020 REPORT TO THE COMMUNITY From the beginning, The Pittsburgh Promise was a big idea. This one-two punch only served to strengthen our resolve and inflame our Today, that big idea is creating economic mobility for urban youth and determination “to advance a region that is good and just for all,” as we proclaim a more diverse workforce for our region. This report demonstrates that in our vision statement. The Pittsburgh Promise is working. We sprang into action with emergency outreach to identify and serve more than In January 2020, we launched a new initiative that deploys Promise Coaches 700 students who severely experienced COVID’s impacts. We raised $1.3 million The Promise into our urban high schools to reach our most vulnerable students. Their mission through which we addressed food insecurity by providing grocery gift cards; is to equip students with the tools they need to identify their skills and interests, restored well-being by paying for mental health services; and kept students on their post-secondary pathway by giving extra tuition scholarships for spring, build on the supports available to them, understand the educational options in Franco Harris summer, and fall semesters to make up for the lack of summer jobs available is Working front of them, develop the soft skills employers demand of them, and prepare for CHAIR the jobs and opportunities that exist in the region’s marketplace. We hired and to students or to fill gaps created by their parents’ unemployment. dedicated nine highly skilled and mission-driven emerging leaders to find and We continued to do our core work of helping kids pursue their dreams through empower the students who might not, on their own, find their way to their future hard work and post-secondary education without interruption.