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To: LLCF who wrote (28877)2/18/2003 1:31:24 PM
From: Don Lloyd  Read Replies (1) | Respond to of 74559
 
DAK,

If Warren Buffet gives 1M of his BRK shares back to the company does this increase the value of the company or increase its reported net earnings?

No. All it does is reduce the outstanding share count and increase the value of the company per outstanding share, while keeping the total value of the company constant.

Share compensation would just be exactly the reverse.

Regards, Don