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19.05.26 - 22:33
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Johns Manville Announces John Vasuta as New CEO (Business Wire)
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DENVER--(BUSINESS WIRE)--Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway company, announced today that Bob Wamboldt will retire and John Vasuta will assume the role of President and Chief Executive Officer, effective August 1, 2026.
Vasuta joined Johns Manville in 2019 as President of the company's Engineered Products business. He also serves on the Board of Directors for EJ, a global leader and private manufacturer of infrastructure access products for water, sewer, utilities, drainage and telecommunications.
“It's an extraordinary privilege to step into the role of CEO,” Vasuta said. “I'm deeply honored to continue serving our customers and supporting the employees whose dedication makes our success possible.”
Before joining JM, John held leadership roles at Bridgestone Corp., including President of Firestone Building Products International and Senior Vice President of Global Sales, Marketing & Operations, among others. He holds a bachelor'...
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19.05.26 - 17:30
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Berkshire Trolls The AI Bubble By Buying Macy′s (ZeroHedge)
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Berkshire Trolls The AI Bubble By Buying Macy's
Submitted by QTR's Fringe Finance
For the better part of the last year, Wall Street has behaved like a teenager who just discovered Red Bull and leverage at the same time. Anything remotely tied to artificial intelligence has soared into the financial stratosphere.
Startups with no revenue, no profits, and occasionally no actual product are raising millions or billions because their founders can say the words “large language model”. Public company CEOs now jam “AI” into earnings calls with the same shamelessness that “trendy” gastropubs have when being the 4th “new” place on the block to not just offer a good ole' fashioned cheeseburger, but the breathtaking innovation of a truffle aioli smashburger.
Meanwhile, looming over all of this market hysteria was Berkshire Hathaway and its absurd cash pile. More than $390 billion sitting on the sidelines while markets rocketed higher. The question became an obsession. What were Warr...
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19.05.26 - 12:42
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The Berkshire Hathaway of AI? Inside the Case for a Tesla-SpaceX Merger (24/7 Wall St.)
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Two of the more credible voices in the Elon Musk orbit are openly speculating that Tesla (NASDAQ: TSLA) and the privately held SpaceX could combine within the next decade. Deepwater Asset Management's Gene Munster put the odds at over 50% within five to ten years, framing the combined entity as a potential “sovereign AI company” ... The Berkshire Hathaway of AI? Inside the Case for a Tesla-SpaceX Merger...
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