“Marc sent Buffett's assistant a message… his phone rang and it was Buffett… they submitted an offer of around $10 billion.”
MS
Marc Stad
Buyers and Builders ·
The Journal. · The $275 Million Margaritaville Drama
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Provided Jane Buffett with an annual cash flow estimate of less than $2 million for the trust, based on his projection of sustainable payouts
< $2 million per year
“Marc sent Buffett's assistant a message… his phone rang and it was Buffett… they submitted an offer of around $10 billion.”
“Jane claimed that Mazenter had essentially gone rogue, pushing her out and hiding information, all while billing the trust for millions of dollars in fees.”
“It's $300 million equity cap ... they'll generate $75 million worth of cash flow over the next year. They've got $100 million of net cash”
“We're looking at something like $8 million, $10 million of annual growth of revenue by adding one of those specialty providers”
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