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	<title>BoomTown &#187; Berkshire Hathaway</title>
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		<title>Warren Buffett at Fortune Women's Conference: On the Economy and George Clooney</title>
		<link>http://kara.allthingsd.com/20090915/warren-buffett-at-fortune-womens-conference-on-the-economy-and-george-clooney/</link>
		<comments>http://kara.allthingsd.com/20090915/warren-buffett-at-fortune-womens-conference-on-the-economy-and-george-clooney/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 19:01:58 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=18529</guid>
		<description><![CDATA[Folksy set was on the highest burner possible at Fortune magazine's Most Powerful Women's conference this morning, as legendary financial investor Warren Buffett took to the stage.

Buffett, who was interviewed by Fortune's terrific Carol Loomis onstage in Carlsbad, Calif., held forth to the crowd--made up mostly of women--having instructed Loomis previously to "do anything with me...I like your crowd."]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/09/DSC6799.jpg"><img src="http://kara.allthingsd.com/files/2009/09/DSC6799-250x166.jpg" alt="_DSC6799" title="_DSC6799" width="250" height="166" class="alignright size-medium wp-image-18531" /></a></p>
<p>Folksy set was on the highest burner possible at <a href="http://www.timeinc.net/fortune/conferences/mpws/women_home.html">Fortune magazine&#8217;s Most Powerful Women&#8217;s conference</a> this morning, as legendary financial investor Warren Buffett took to the stage.</p>
<p>Buffett, who was interviewed by Fortune&#8217;s terrific Carol Loomis onstage in Carlsbad, Calif., held forth to the crowd&#8211;made up mostly of women&#8211;having instructed Loomis previously to &#8220;do anything with me&#8230;I like your crowd.&#8221;</p>
<p>And, of course, the crowd loved Buffett, who has become a Midwestern Yoda, dispensing snippets of sage advice and clever aphorisms to unabashed fans.</p>
<p>Oh, yes, he also has turned himself into one of the world&#8217;s richest men while doing it, presiding for decades over his Berkshire Hathaway (BRK.A) conglomerate.</p>
<p>In the interview, Loomis quizzed Buffett about a range of topics, mostly centering on the economy and the rescue of Wall Street by the federal government.</p>
<p>&#8220;I think they&#8217;ve done a terrific job, all things considered,&#8221; said Buffett about the performance of regulators.</p>
<p>While he said he did not agree with all of the more costly aspects of the various bailouts, he noted that the dire situation needed drastic action.</p>
<p>&#8220;We were right at the brink&#8230;.This country was becoming not only economically dysfunctional, but inoperative,&#8221; said Buffett about the econalypse. &#8220;We came so close to a meltdown.&#8221;</p>
<p>Today, he is much more sanguine about the economic situation, while also noting it was not all sunshine and daisies.</p>
<p>&#8220;There are no green shots, but I don&#8217;t see anything getting worse either,&#8221; said Buffett.</p>
<p>Joking, he noted that the recovery could be quicker if the housing stock was made smaller by blowing up one million houses and allowing &#8220;14-year olds to start cohabiting.&#8221;</p>
<p>It was an adorkably funny comment, as was his answer to a question from an audience member about who should play him in a movie of his life: George Clooney, of course, but &#8220;Danny DeVito&#8217;s out.&#8221;</p>
<p>Mostly, what struck BoomTown was Buffett&#8217;s firm belief in the strength of the system that we have built in the U.S. </p>
<p>&#8220;This system works magnificently,&#8221; he said flatly.</p>
<p>Well, Buffett is magnificent for dang sure.</p>
<p>Here&#8217;s are video snippets of him at the conference&#8211;sorry it is a little tinny&#8211;talking about women&#8217;s underwear, the resilience of the U.S. and why it will be okay in the end:</p>
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<p><em>[Photo courtesy of Fortune magazine.]</em></p>
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		<title>Yahoo's Bartz (No. 8), Facebook's Sandberg (No. 22), Google's Mayer (No. 44) and More Techies Make Fortune's 50 Most Powerful Women List</title>
		<link>http://kara.allthingsd.com/20090911/yahoos-bartz-8-facebooks-sandberg-22-googles-mayer-22-and-more-techies-makes-fortunes-50-most-powerful-women-list/</link>
		<comments>http://kara.allthingsd.com/20090911/yahoos-bartz-8-facebooks-sandberg-22-googles-mayer-22-and-more-techies-makes-fortunes-50-most-powerful-women-list/#comments</comments>
		<pubDate>Fri, 11 Sep 2009 07:15:02 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=18347</guid>
		<description><![CDATA[Time Inc.'s Fortune magazine--which never met a list it did not like to make--had a solid group of women tech types on its "50 Most Powerful Women 2009&#8221; roster, the annual survey that it posted yesterday.

Yahoo CEO Carol Bartz made the Top Ten this year, clocking in at No. 8, along with a lot of other tech-savvy women in Silicon Valley and elsewhere.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/09/hd-MPW-lg4.gif"><img src="http://kara.allthingsd.com/files/2009/09/hd-MPW-lg4-250x35.gif" alt="hd-MPW-lg4" title="hd-MPW-lg4" width="250" height="35" class="aligncenter size-medium wp-image-18348" /></a></p>
<p>Fortune magazine&#8211;which never met a list it did not like to make&#8211;had a solid group of women tech types on its <a href="http://money.cnn.com/magazines/fortune/mostpowerfulwomen/2009/full_list/">&#8220;50 Most Powerful Women 2009&#8221;</a> roster, the annual survey it posted yesterday.</p>
<p>Yahoo CEO Carol Bartz made the Top Ten this year, clocking in at No. 8. </p>
<p>Other women geek types&#8211;many from Silicon Valley&#8211;on the list include:</p>
<p>Ursula Burns, CEO of Xerox (XRX) at No. 9; IBM (IBM) Global Sales and Distribution SVP Ginni Rometty at No. 11; Oracle (ORCL) President Safra Catz at No. 12; Hewlett-Packard (HPQ) Technology Solutions Group EVP Ann Livermore at No. 13; Facebook COO Sheryl Sandberg at No. 22; Charlene Begley, president and CEO, GE (GE) Enterprise Solutions at No. 27; Lorrie Norrington, president of eBay (EBAY) Marketplaces at No. 40; HP CFO Cathie Lesjack at No. 42; and, finally, Google (GOOG) Search Products and User Experience VP Marissa Mayer at No. 44.</p>
<p>The <a href="http://www.timeinc.net/fortune/conferences/mpws/women_home.html">conference associated with the Fortune issue</a>, spearheaded by Pattie Sellers, will take place next week, starting Monday, in Carlsbad, Calif. </p>
<p>Fortune is part of Time Inc., which is owned by Time Warner (TWX).</p>
<p>Bartz, Sandberg and others will be interviewed onstage, along with Berkshire Hathaway (BRK.A) chairman and CEO Warren Buffett. </p>
<p>Will BoomTown be in attendance, with my trusty Flip digital video at the ready? Yes, indeedy, so the lady geeks should beware&#8211;and I am talking to <em>you</em>, Sandberg!</p>
<p>Until then, here&#8217;s a cable television interview Bartz did today on CNBC&#8217;s &#8220;Squawk Box.&#8221; Clocking in at almost 12 minutes, it&#8217;s classic Carol, with sassy catchphrases and jokes about being a really tough lady, but with little new news&#8211;except for her saying she would have sold to Microsoft (MSFT) when it was offering $33 a share way back when, because she is not &#8220;stupid.&#8221;</p>
<p>Indeed not.</p>
<p>Here&#8217;s the video:</p>
<p><object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" ><param name="type" value="application/x-shockwave-flash"/><param name="allowfullscreen" value="true"/><param name="allowscriptaccess" value="always"/><param name="quality" value="best"/><param name="scale" value="noscale" /><param name="wmode" value="transparent"/><param name="bgcolor" value="#000000"/><param name="salign" value="lt"/><param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1248642312/code/cnbcplayershare"/><embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1248642312/code/cnbcplayershare" type="application/x-shockwave-flash" /><br />
</object></p>
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		<title>From the Desk of Former Yahoo President Sue Decker</title>
		<link>http://kara.allthingsd.com/20090519/from-the-desk-of-former-yahoo-president-sue-decker/</link>
		<comments>http://kara.allthingsd.com/20090519/from-the-desk-of-former-yahoo-president-sue-decker/#comments</comments>
		<pubDate>Tue, 19 May 2009 13:00:42 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=12535</guid>
		<description><![CDATA[Recently--in the echo chamber that is Silicon Valley--several people told BoomTown quite separately that former Yahoo President Sue Decker had become an executive-in-residence at the Blackstone Group.

Actually, when reached via email, Decker told me she has yet to decide her next step after leaving Yahoo and had simply set up a no-strings-attached desk at the private equity firm's San Francisco office, but is definitely not an EIR there.

And who says bloggers don't check?

In fact, a move to join Blackstone formally would have been very ironic for Decker given that the firm--specifically, longtime friend and former colleague, Jill Greenthal--was one of the advisers to Microsoft in its failed takeover battle for Yahoo.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/05/303125349_bvntx-mjpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/303125349_bvntx-mjpg-250x166.jpg" alt="303125349_bvntx-mjpg" title="303125349_bvntx-mjpg" width="250" height="166" class="alignright size-medium wp-image-13687" /></a></p>
<p>Recently&#8211;in the echo chamber that is Silicon Valley&#8211;several people told BoomTown quite separately that former Yahoo President Sue Decker had become an executive-in-residence at the <a href="http://www.blackstone.com">Blackstone Group</a>.</p>
<p>Actually, when reached via email, Decker told me she has yet to decide her next step after leaving Yahoo and had simply set up a no-strings-attached desk at the private equity firm&#8217;s San Francisco office, but is definitely not an EIR there.</p>
<p>And who says bloggers don&#8217;t check?</p>
<p>In fact, a move to join Blackstone formally would have been very ironic for Decker given that the firm&#8211;specifically, longtime friend and former colleague, Jill Greenthal&#8211;was one of the advisers to Microsoft (MSFT) in its failed takeover battle for Yahoo (YHOO), a <a href="http://kara.allthingsd.com/20080214/frenemies-in-the-yahoo-microsoft-battle">fact that was highlighted in a post I did</a> last year.</p>
<p>Instead, Decker has been keeping a low profile since she announced <a href="http://kara.allthingsd.com/20090114/sue-deckers-goodbye-memo-to-the-yahoo-troops/">she was resigning from her post</a> the very day new Yahoo CEO Carol Bartz arrived. </p>
<p>Decker was also a candidate for the top job, which she sought after sticking by former Yahoo CEO and co-founder Jerry Yang through some very rough times for both.</p>
<p>Her last day at Yahoo, after nine years there, was April 1.</p>
<p>In the email, Decker explained that she has not yet made any future work-related plans, but had simply taken up an offer from Blackstone&#8217;s President Tony James, as well as Greenthal, who suggested she could set up a small office there to attend to board work. The three all used to work together at Donaldson, Lufkin &#038; Jenrette.</p>
<p>Even without an executive perch, Decker could use such a desk given that she sits on some very major boards, including Intel (INTC) and Berkshire Hathaway (BRK.A).</p>
<p>More than that, Decker&#8211;who sounded pretty happy to me&#8211;is not saying. <em>Yet</em>.</p>
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		<title>MicroHoo: The Warren Buffett Rainbow Connection</title>
		<link>http://kara.allthingsd.com/20080427/microhoo-the-warren-buffett-rainbow-connection/</link>
		<comments>http://kara.allthingsd.com/20080427/microhoo-the-warren-buffett-rainbow-connection/#comments</comments>
		<pubDate>Sun, 27 Apr 2008 08:24:45 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/20080427/microhoo-the-warren-buffett-rainbow-connection/</guid>
		<description><![CDATA[No news is bad news!

At least for those following the Microsoft-Yahoo takeover battle, since silence is maybe not so golden in this case.  

Right now, even though Microsoft set a Saturday deadline for starting its proxy battle against Yahoo, the waiting game continues as Yahoo hopes Microsoft will flinch and vice versa.

So, can a fun-packed weekend with the folksy Warren Buffett save the day?]]></description>
			<content:encoded><![CDATA[<p>No news is bad news!</p>
<p>At least for those following the Microsoft-Yahoo takeover battle, since silence is maybe not so golden in this case.  </p>
<p>Right now, even though Microsoft (MSFT) set a Saturday deadline for starting its proxy battle against Yahoo (YHOO), the waiting game continues as Yahoo hopes Microsoft will flinch and vice versa.</p>
<p>So, can a fun-packed weekend with the folksy Warren Buffett save the day? </p>
<p>In an unusual bit of timing, both Yahoo President Sue Decker and Microsoft Chairman Bill Gates will both be in Omaha starting Friday for the famous <a href="http://http://www.berkshirehathaway.com/meet01/2008proxy.pdf">annual meeting of Berkshire Hathaway</a> (BRK-A), which Buffett runs with his longtime partner Charlie Munger.</p>
<p><img src='http://kara.allthingsd.com/files/2007/07/susan_decker_thumb.jpg' alt='decker' /><img src='http://kara.allthingsd.com/files/2008/04/040923_buffetgates_hmed_1pahmedium.thumbnail.jpg' alt='gatesbuffett' /></p>
<p>Decker came onto the board in 2007, while Gates&#8211;a close friend of Buffett&#8217;s&#8211;joined in 2004.</p>
<p>(Gates and Buffett pictured here together; Decker&#8217;s head shot here too.)</p>
<p>How awkward is that, since Microsoft CEO Steve Ballmer might be slapping Decker&#8217;s boss, Yahoo CEO Jerry Yang, all around Wall Street next week?</p>
<p>At least, the pair are sure to have fun in Nebraska.</p>
<p>Berkshire Hathaway&#8217;s annual meeting is a beloved ritual for its shareholders, who flock to worship Buffett every year at the Qwest Center in Omaha.</p>
<p>The festivities will begin on Friday evening, include a &#8220;Baja Beach Bash&#8221; on Saturday and finish up with dinner at Gorat&#8217;s Steakhouse on Sunday evening.</p>
<p>And perhaps Buffett, nicknamed the Oracle of Omaha, might be just the kind of power broker who can finally bring sensibility to the situation.</p>
<p>Celebrated as the world&#8217;s most successful investor, Buffett&#8217;s plain-talking advice about the stock market is widely quoted.</p>
<p>My personal favorite is &#8220;Only when the tide goes out do you discover who&#8217;s been swimming naked.&#8221;</p>
<p>But maybe this one is more apt, when talking about Yahoo and its value to Microsoft: &#8220;It&#8217;s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.&#8221;</p>
<p>The question for Gates and company&#8211;Is Yahoo wonderful or is it fair?</p>
<p>And until Buffett can work his magic, here&#8217;s another unlikely pair&#8211;Debbie Harry and Kermit the Frog&#8211;singing about making nice in the classic, &#8220;Rainbow Connection.&#8221;</p>
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