date:Mar 13, 2014
od chain owned by Jorge Paulo Lemanns 3G. Hees replaced William Johnson, CEO since 1998, who got $110.5 million in the eight months ended Dec. 29. Hees has closed factories and consolidated offices as part of a plan that eliminated about 3,400 jobs to boost profit.
Results so far are encouraging, Buffett, 83, wrote in a letter to investors of Omaha, Nebraska-based Berkshire published March 1. Earnings in 2014 will be substantial.
Berkshire and 3G each paid about $4.3 billion for equity in the