Per Grok:
The individuals listed in that 1969 Berkshire Hathaway annual report page (as directors and officers from the textile era) generally did not achieve massive personal fortunes comparable to Warren Buffett's, except for one standout family line.
**Malcolm G. Chace Jr.** (Chairman in 1969, from the founding Chace family that controlled the textile mills Buffett acquired) — He held onto significant Berkshire Hathaway shares after the transition rather than fully cashing out. He became a billionaire through compounded Berkshire stock holdings. Reports describe him (often called "Kim" Chace) dying in 2011 as a billionaire, with family wealth tied heavily to Berkshire. In 2001, he appeared on Forbes' billionaires list at around $1 billion (equivalent to roughly $1.7 billion in later-adjusted dollars). His descendants and family trusts have remained very wealthy (hundreds of millions to billions in aggregate), with ongoing legal disputes over trusts in recent years confirming substantial ongoing fortunes from those early holdings.
**Kenneth V. Chace** (President in 1969, a long-time textile executive) — No public records indicate significant personal wealth or billionaire status. He stayed involved in operations into the early Buffett era (praised in letters for running textiles), but there's no evidence of major stock retention or wealth accumulation on the scale of the Chace family principals. Likely comfortable but not ultra-wealthy by modern standards.
**Other figures** like Richard Bowen (likely a VP or division head, mentioned in letters for areas like fabrics/linings) and John William Scott (another officer) — Virtually no public net worth information exists. They appear to have been solid mid-level textile executives who faded from prominence as Buffett shifted Berkshire away from textiles. No signs of notable wealth accumulation, Berkshire stock windfalls, or later prominence.
In short, most of these pre-Buffett textile-era people ended up with modest-to-good outcomes relative to ordinary careers, but only the key Chace family member (Malcolm G. Chace Jr.) rode the Berkshire compounding wave to true billionaire territory. The rest illustrate how rare it is to capture outsized, long-term wealth even when close to a legendary investor early on—Buffett's pivot and holding power were exceptional.
@TonyL_01 Because he doesn’t care about the women. He only cares about inciting more protests and getting ICE out of the city and away from the Somali fraudulent gravy train
Your statement “our own people” is pretty important here. ICE’s entire role is evicting those who are not our people. And if you’re referring to the citizen who was shot, at the end of the day ICE are entitled to protect themselves. This woman was brainwashed into thinking it was ok to attack officers, and unfortunately found out that that’s not the case.
@AmericaPapaBear Really great and important observation here. Imagine doing this in someone else’s country… you wouldn’t if you were even slightly grateful to be there.
@PandaValue Dilution of impact due to Tesla shareholders far outweighing current SPARC holders (1.7B vs 61M), but SPARC holders get the early access to the IPO as well.
It's not a SPAC at all. Read the details from Ackman, SPARC was created by Ackman as the anti-SPAC.
Ackman is giving up all founders rights, etc. that SPACs were awful because of. Ackman is proposing investing $4B alongside retail investors. No upside that retail investors don't get.